Taco Bell 200 E Prater Way

200 E Prater Way , Sparks, Nevada, 89431 | 2,677 sq.f | $ 4,395,900

Card image
Card image
Card image

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