About This Restaurant
Investment Highlights
25-year absolute NNN lease to iconic QSR tenant Rare annual rental increases, providing an excellent long-term and secure money-generator Leased to Tacala LLC, one of Taco Bell?s largest operators with over 350 units Six (6) option periods of five (5) years each No landlord management, making this an ideal opportunity for a local or out-of-area investor Taco Bell serves more than 42 million customers each week in the U.S.
Executive Summary
This Taco Bell location is strategically positioned on South Harris Street, a major retail corridor in Sandersville with access to 19,390 vehicles per day, providing Taco Bell with a consistent customer baseThe site is surrounded by many major national retailers including McDonald?s, Wendy?s, Advance Auto Parts, Zaxby?s, Ace Hardware, KFC, Captain D?s and several othersTaco Bell is located just 0.6 miles away from Washington County High School (881 students)The site is located 0.7 miles away from the Thiele Kaolin Company (451 employees), one of the largest employers in both Sandersville and Washington County Projected 11% average annual household income increase within three miles of the site in the next five years, poising Sandersville and Taco Bell for significant concurrent growthThe property greatly benefits from being surrounded by high-density single-family housing developments with proximity to several schools, community hubs, and large employersThe site is located just down the road from the Sandersville IGA Supermarket shopping center, including large national retailers such as McDonald?s, Zaxby?s, Wendy?s, Captain D?s, and more
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,550
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2023
- Price 2,600,000
- Price Per SF 1,020
- Cap Rate 5.50
- NOI 143,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.08 AC
Property Taxes
Parcel Number | S22 024 | Improvements Assessment | $107,080 |
Land Assessment | $53,400 | Total Assessment | $160,480 |
Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
Address: | 734 S Harris St , Sandersville, Georgia, 31082 |