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Taco Bell, Corbin, KY

Taco Bell

KY, United States

Price $2,262,400
Cap Rate
NOI
Lease Term 25 Years
Lease Type
Rental Increases 1% Annual Rental Increases
Year Built 2016
Building Size 2,650 SF
Lot Size 0.92 Acres (40,075 SF)
Status Sold
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

Mike J. Sullivan, CCIM
Senior Vice President
513.763.3032
mike.sullivan@cushwake.com
KY RE License #63429

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 25-year NNN lease with six five-year option periods
» Operated by Taco Bell’s largest franchisee with 270 units
» Rare annual rental increases, providing an excellent hedge against inflation
» Absolutely no landlord management, providing an ideal investment for an out-of-area investor

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent location with immediate access to Interstate 75, a popular route for tourists traveling in the region – Taco Bell pylon sign visible from the Interstate
» Over 42,500 vehicles per day near the property on Interstate 75 and 20,287 vehicles per day on Cumberland Falls Highway
» Surrounded by major national tenants, including McDonald’s, Burger King, Waffle House, Dollar General, Save-A-Lot, Kroger, Rent-A-Center, Advance Auto Parts, and many others

PRIME CENTRAL LOCATION
» Located less than three mile from downtown Corbin
» The site is directly across from the Corbin Arena, a $28 million, 100,000 square foot multi-purpose facility, and the Tri-County Cineplex, which has eight stateof- the-art, wall-to-wall theaters for the ultimate movie viewing experience
» Within walking distance of Baptist Health Corbin, a 273-bed acute and skilled care hospital

NEW 2016 CONSTRUCTION
» 2016 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Cumberland Falls Highway, with excellent visibility and access to 20,287 vehicles per day. The property benefits from immediate access to Interstate 75, a popular route for tourists in the area, which has a high traffic count of over 42,500 vehicles per day. The property is located in a dense retail corridor. Multiple notable national tenants are near the site, including McDonald’s, Burger King, Waffle House, Dollar General, Save-A-Lot, Kroger, Rent-A-Center, Advance Auto Parts, and many others.

The property is centrally located less than three miles from downtown Corbin. The Corbin Arena, a $28 million, 100,000 square foot multi-purpose facility, is located directly across from the property. Baptist Health Corbin, a 273-bed acute and skilled care hospital, is located within walking distance of the property. Several other businesses, including a state-of-the-art movie theater, as well as a number of residential communities, are located near the site, providing a solid customer base for Taco Bell.

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