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
1/9
null | 5.35% Cap Rate

504 Maxfield Rd
Big Stone Gap, VA 24219


HIGHLIGHTS

  • Brand New 25-Year Lease | Scheduled Rental Increases |Options To Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • 50,000+ SF Food City | Nearby National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in Big Stone Gap, Virginia. The tenant, Taco Bell, recently signed a brand-new, 25-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

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

29

LAND DETAILS

CROSS STREETS

Gilley Ave E

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

B-2

APN/PARCEL ID

R018915

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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