504 Maxfield Rd - Fast Food FOR SALE


Big Stone Gap, VA 24219
$3,037,000 USD
949-506-2009
504 Maxfield Rd, Big Stone Gap, VA for Sale
$3,037,000 USD
Fast Food - FOR SALE
1/5
null | 5.35% Cap Rate

504 Maxfield Rd
Big Stone Gap, VA 24219


HIGHLIGHTS

  • Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 6.04% (at List Price) over the base lease term
  • New construction asset with Taco Bell’s latest prototype
  • Absolute NNN lease | Zero Landlord responsibilities
  • Strong guarantee | Lease is backed by Tacala Tennessee Corp, a successful operator of 370+ Taco Bell locations | 93+ Units under Guarantee
  • Excellent access and visibility from Gilley Ave which sees ±19,400 VPD
  • Walking distance to Mountain Empire Community College | 2,684 students enrolled

OVERVIEW

• Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 6.04% over the base lease term, assuming purchase at List Price • New construction asset with Taco Bell’s latest prototype • Absolute NNN lease | Zero Landlord responsibilities • Strong guarantee | Lease is backed by Tacala Tennessee Corp, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas | 93+ units under the guarantee • Excellent access and visibility from Gilley Ave which sees ±19,400 VPD • Walking distance to Mountain Empire Community College | 2,684 students enrolled • Located less than a mile from Downtown • Annual rent increases provide a hedge against inflation • About 2 miles from: • Union High School, Powell Valley Primary School, and Union Middle School | 2,200+ combined students enrolled • Lonesome Pine Hospital | 71 beds • Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone • Over $11.7B in global sales for Yum! Brands

FOR SALE DETAILS

PRICE

$3,037,000 USD

PRICE/SF

$1,215 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction Taco Bell | Rare, 25-Yr NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Gilley Ave E

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

R018915

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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