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Taco Bell, Athens, TN

Taco Bell

Price $2,227,000
Cap Rate 4.85%
NOI $108,000
Lease Term 25 Years
Lease Type Absolute NNN, with Tenant Responsible for all Taxes, Insurance, Utilities, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% annual rental increases
Year Built 2018
Building Size 2,790 SF
Lot Size 0.8 acres (34,848 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Tennesee-licensed real estate broker Cushman & Wakefield, Inc.

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 25-year NNN lease with absolutely no landlord management, providing an ideal investment for an out-of-area investor
» Operated by one of Taco Bell’s largest franchisees, with over 280 units
» Rare annual rental increases, providing an excellent hedge against inflation

IMMEDIATE FREEWAY ACCESS IN RETAIL CORRIDOR
» Immediate access to Interstate, a major transportation corridor connecting Athens to the Chattanooga and Knoxville metropolitan areas
» 39,412 vehicles per day near the property on Interstate 75
» Excellent visibility and access to 21,680 vehicles per day directly in front of the property on Decatur Pike
» Prominently located in the retail cluster surrounding Interstate 75

PRIME CENTRAL LOCATION
» Less than a mile from Denso’s Athens manufacturing plant
» Denso is the largest employer in McMinn County, with 1,650 employees
» Near McMinn County High School (1,538 students) and the Tennessee College of Applied Technology – Athens (789 students)
» Approximately three miles from downtown Athens, the 169-bed Starr Regional Medical Center – Athens, and Tennessee Wesleyan University, which has a total enrollment of 1,015 students
» Strong customer base provided by nearby hotels, residential neighborhoods,and industrial parks

NEW 2018 CONSTRUCTION
» 2018 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs



Property Description

The property is strategically located on Decatur Pike, with excellent visibility and access to 21,680 vehicles per day directly in front of the property. The property benefits from immediate access to Interstate 75 (39,412 AADT), a major transportation corridor connecting Athens to the Chattanooga and Knoxville metropolitan areas. The property is prominently located in the retail cluster surrounding Interstate 75, and notable tenants in the immediate area include Wendy’s, Hampton Inn, Applebee’s, Mobil, Dunkin’ Donuts, and Holiday Inn. Decatur Pike also connects the property to Athens’ primary retail corridor, located approximately one mile away along U.S. Highway 11. Major national tenants in this area include Walmart Supercenter, Hobby Lobby, Dunham’s Sports, Dollar Tree, Big Lots, Burkes Outlet, Lowe’s, and many more.

The property is conveniently located less than a mile from Denso’s Athens manufacturing plant. Denso is the largest employer in McMinn County, with 1,650 employees. The property is also close to several other major employers, including Dynasty Spas (246 employees), Creative Foam (113 employees), and Midlab (70 employees). The property is approximately three miles from downtown Athens, the 169-bed Starr Regional Medical Center – Athens, and Tennessee Wesleyan University, which has a total enrollment of 1,015 students. Additionally, the property is less than two miles from McMinn County High School (1,538 students) and the Tennessee College of Applied Technology – Athens (789 students).

Contact Us About This Property

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