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Taco Bell, Beckley, WV

Taco Bell

Price $3,492,000
Cap Rate 5.50%
NOI $192,023
Lease Term 20 Years With 15+ Years Remaining
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including, Roof, Structure, And Parking Lot
Rental Increases 1.5% Annual Rental Increases
Year Built Remodeled 2015
Building Size 2,789 SF
Lot Size ± 0.70 Acres (± 30,449 SF)
Status Available
Lead Broker Information 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

Michael T. Yuras, CCIM
Cushman & Wakefield
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

Investment Highlights

LONG-TERM ABSOLUTE NNN GUARANTEED LEASE
» 15-year absolute NNN guaranteed lease with no landlord management, providing an ideal investment for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation

IRREPLACEABLE INFILL LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 16,583 vehicles per day directly in front of the property on North Eisenhower Drive
» Outparcel to a Walmart, Sam’s Club, and Lowe’s-anchored shopping center
» Immediately adjacent to Walmart Supercenter, Marquee Cinemas Galleria 14, Lowe’s Home Improvement, and many more national retailers
» Across the street from Kroger
» Within a four-mile radius of 14 different hotels

DOWNTOWN BECKLEY LOCATION NEAR LARGE SCHOOLS AND EMPLOYERS
» One mile from Beckley ARH Hospital (173 beds, 650 employees, $292 million in total patient revenue) and four miles from Raleigh General Hospital (300 beds, 930 employees, $675 million in total patient revenue)
» Surrounded by Woodrow Wilson High School (1,300+ students), West Virginia University Institute of Technology (1,100+ students), Beckley Stratton Middle School (671 students), Beckley Elementary School (428 students), Crescent Elementary School (372 students), Stanaford Elementary School (325 students), and Maxwell Hill Elementary School (277 students)
» Within a three-mile radius of multiple community hubs and attractions, such as Black Knight Golf Course (9-Hole, Par 36 Course), Beckley Exhibition Coal Mine, Babe Ruth Park, and YMCA Paul Cline Memorial Youth Sports Complex



Property Description

The property is conveniently located on North Eisenhower Drive, a major economic and retail corridor in Beckley, with excellent visibility and access to 16,583 vehicles per day directly in front of the property. The location is outparcel a Walmart Supercenter, Marquee Cinemas Galleria 14, and Lowe’s Home Improvement. Visibility is increased by the site’s location across the street from Kroger. Other national retailers near the property include Food Lion, Hobby Lobby, Chick-fil-A, McDonald’s, Staples, Panera Bread, T.J. Maxx, Pizza Hut, Five Guys, and many more. The site is also located within a four-mile radius of 14 different hotels, including Courtyard by Marriott Beckley, Hampton Inn Beckley, Holiday Inn & Suites Beckley, and Fairfield Inn & Suites by Marriott Beckley.

The property benefits from its proximity to schools and colleges, including Woodrow Wilson High School (1,300+ students), West Virginia University Institute of Technology (1,100+ students), Beckley Stratton Middle School (671 students), Beckley Elementary School (428 students), Crescent Elementary School (372 students), Stanaford Elementary School (325 students), and Maxwell Hill Elementary School (277 students). The site is also located one mile from Beckley ARH Hospital (160 beds, 650 employees, $292 million in total patient revenue) and four miles from Raleigh General Hospital (300 beds, 930 employees, $675 million in total patient revenue). The location resides within a three-mile radius of multiple community hubs and attractions, such as Black Knight Golf Course (9-hole, par 36 course), Beckley Exhibition Coal Mine, Babe Ruth Park, and YMCA Paul Cline Memorial Youth Sports Complex.

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