About This Restaurant
Investment Highlights
Rebuilt in 2015, Established Taco Bell since 1993 True NNN lease, Tenant pays Property Taxes
Executive Summary
Prime absolute NNN investment opportunity. 25+ year established Taco Bell location. Lease terminates 2039 with five 5 year extension options. $14,023.83 Base rent or 9% whichever is greater. Annual rent increases 1% or CPI whichever is greater. Established multi unit tenant. Scraped and rebuilt in 2015Cap rate based on projected 20232024 salesLOI?s required with proof of funds. No OM will be provided Separately.Tenant has 10 day FROROwner will consider $500,000 carry back at 7% with a 30 year amortization balloon due in 5 years.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 2,677
- Building Class B
- Year Built 2015
- Price 4,395,900
- Price Per SF 1,642
- Cap Rate 5.09
- NOI 223,871
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 0.62 AC
Nearby Amenities & Transportation
Retail | FoodMaxx | ||
Retail | Roberto's Taco Shop | ||
Retail | Starbucks | ||
Retail | Nevada State Bank | ||
Retail | Jack In The Box | ||
Retail | Sizzler | ||
Retail | Rent-A-Center | ||
Retail | Port of Subs | ||
Retail | Planet Fitness | ||
Retail | Bank of America |
Property Taxes
Parcel Number | 033-141-46 | Improvements Assessment | $132,761 |
Land Assessment | $285,324 | Total Assessment | $418,085 |
Date Created: | 2024-07-16 04:17:59 | Last Updated: | 2024-07-16 04:17:59 |
Address: | 200 E Prater Way , Sparks, Nevada, 89431 |