1119 Franck St - Retail FOR SALE


Alcoa, TN 37701
$1,500,000 USD
678-808-2762
1119 Franck St, Alcoa, TN for Sale
$1,500,000 USD
Retail - FOR SALE
1/3
null | 4% Cap Rate

1119 Franck St
Alcoa, TN 37701


OVERVIEW

LOW RENT & PRICE POINT • The subject property has a low rent of $60,000 which equates to a low price point of $1.5M. 20-YEAR CORPORATE GROUND LEASE WITH 10% RENT INCREASES • This Taco Bell has 18.75 years remaining on a 20 year corporate ground lease that commenced in October 2023. • There are 100% no landlord responsibilities. The tenant is responsible for roof, structure, parking lot, taxes, utilities, and insurance. • 10% rental increases every five years in the initial lease term and in each of the 4 five-year option periods. TACO BELL HAS 8,500 LOCATIONS • Taco Bell operates over 8,500 locations across the United States and 1,100 stores internationally serving over 2 Billion customers per year. • Taco Bell is part of Yum! Brands. Yum! Brands operates 45,000+ restaurants (Taco Bell, Pizza Hut, KFC) in more than 140 countries and territories and posted $15.9 Billion in revenue in 2024. • Taco Bell has been in business for 63 years and is headquartered in Louisville, KY. ENTRANCE OF SPRINGBROOK FARMS | NEW 363-ACRE MIXED-USE DEVELOPMENT • Taco Bell is positioned at the entrance to a new 363 acre mixed use project that includes 387K SF of retail, 200K SF of office, 530 Hotel units, 111 single family homes, 110 townhomes, 700 multifamily units, 200 senior living units, and a 17.5 acre entertainment district. The project is currently under development. • Current tenants in this community include Taco Bell, Food City, Texas Roadhouse, Jim N’ Nicks, Fairfield Inn and Suites, Hilton, multiple apartment complexes, and more. • The site is adjacent to two major north/south corridors, Alcoa Highway (61,345 VPD) and North Hall Road (27,900 VPD) and is to have direct future access to nearby McGhee Tyson Airport. • The community will also include parks, green spaces, and multiple trails. KNOXVILLE MSA | 3RD LARGEST CITY IN TN • Alcoa is part of the Knoxville Metropolitan Statistical Area (MSA), the largest city in east Tennessee and the third largest city in the state. • In 2024, the Knoxville metro area population was approximately 796,000, marking a 1.53% increase from the previous year. • The Knoxville MSA boasts a diverse economy driven by education, healthcare, manufacturing, and tourism, providing a solid foundation for continued growth. • Home to the University of Tennessee which enrolls 38,728 students from all 50 states and employs over 9,790 staff members. GROWING SUBURB OF MARYVILLE | 38% GROWTH • Maryville has experienced substantial growth, with its population increasing from 23,120 in 2000 to approximately 31,907 in 2020, representing a 38% growth in 20 years. • The property is surrounded by several major retailers, including Sam’s Club, Dick’s Sporting Goods, Ross, Office Depot, Walmart Neighborhood Market, ALDI, and Walgreens. • Maryville College, established in 1819, is a private liberal arts institution located in Maryville. As of 2024, the college enrolls approximately 1,147 students from around 30 states and 25 countries.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$656 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell (Corporate) | Rare Low Price Point

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

005036K A 01200

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.