Investment Highlights
New 20 Year Absolute NNN Lease Signed at Close of Escrow
8% Rental Increase Every 5 Years
Low Rent to Sales Ratio
Zero Landlord Responsibilities
Proven Location for More than 25 Years
More than 20,000 VPD on Hwy 76
Executive Summary
Fortis Net Lease is pleased to present a brand new free-standing Taco Bell located at 330 Hester Dr, White House, TN. White House is a suburb of Nashville, just 22 Miles north of the CBD. At the close of escrow, the tenant, KC Bell will sign a brand new 20 year lease which will expire in 2044. The absolute NNN lease will require zero landlord responsibilities and 8% increase every 5 years. These rent escalations are also included in the four, five year option periods. This is a proven store in operation for more than 25 years and was completely remodeledin 2020. Sales at this location far exceed the Taco Bell national average unit sales. Additionally, the rent to sales ratio is set below 7.0% further enhancing the Franchisees profitability at this store. This is an ideal opportunity for an investor to purchase a passive income realestate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.
