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Taco Bell Relocation Store, Chattnooga, TN

Taco Bell Relocation Store

TN, USA

Price $1,916,667
Cap Rate
NOI $94,875
Lease Term 25 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2018
Building Size 2,700 SF
Lot Size 1.82 Acres (79,279 SF)
Status Sold
Lead Broker Information 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

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 Tennessee-licensed real estate broker Cushman & Wakefield.

Investment Highlights

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

IMMEDIATE FREEWAY ACCESS IN RETAIL CORRIDOR
» Immediate access to Interstate 24, a popular route for commercial traffic and for tourists traveling in the region
» 68,905 vehicles per day near the property on Interstate 24
» Within walking distance of Lookout Valley Village, a large shopping center anchored by Walmart and featuring well-known brands like Great Clips, Dollar Tree, and Cato
» Surrounded by major national tenants, including McDonald’s, Dollar General, Subway, O’Reilly Auto Parts, Ace Hardware, CVS, and more

PRIME CENTRAL LOCATION
» Centrally located just four miles from downtown Chattanooga
» Close proximity to several of the Chattanooga region’s most popular attractions, including the Tennessee Aquarium (780,000+ visitors per year), Ruby Falls (400,000+ visitors per year), and Raccoon Mountain Caverns and Campground (100,000 visitors per year)
» 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

SOLD

The property is located at the intersection of Cummings Highway and South Moss Avenue, with excellent visibility and access to 13,320 vehicles per day directly in front of the property. Cummings Highway provides convenient access to Interstate 24, located less than a mile away, which has a traffic count of 68,905 vehicles per day near the property. Several notable retailers are located in the surrounding area. The property is within walking distance of Lookout Valley Village, a large shopping center anchored by Walmart and featuring wellknown brands like Great Clips, Dollar Tree, Cato, and more. Other major retailers in the nearby area include Sonic Drive-In, McDonald’s, CVS, Ace Hardware, Dollar General, O’Reilly Auto Parts, and Hardee’s.

The property is conveniently located just four miles from downtown Chattanooga. Several of the Chattanooga region’s most popular attractions are located nearby, including the Tennessee Aquarium—rated among the best aquariums in America, drawing more than 780,000 visitors each year—and Ruby Falls, the nation’s largest and deepest waterfall open to the public. Other recreational areas that are close to the property include Moccasin Bend Golf Course, Raccoon Mountain, and the Tennessee River. A number of hotels are located nearby to accommodate visitors and tourists that flock to the region, providing a strong customer base for the property.

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