931 Dolly Parton Pky - Fast Food FOR SALE


Sevierville, TN 37862
$2,550,000 USD
949-350-5431
931 Dolly Parton Pky, Sevierville, TN for Sale
$2,550,000 USD
Fast Food - FOR SALE
1/6
null | 4.5% Cap Rate

931 Dolly Parton Pky
Sevierville, TN 37862


HIGHLIGHTS

  • 15 Years Remaining on an Absolute NNN Lease with Tacala Companies, One of the Largest Operators of Taco Bell Franchises (350+ Locations)
  • Located on Dolly Parton Parkway, a Main Retail Thoroughfare with Traffic Counts Exceeding 65,000 Cars Per Day
  • Absolute NNN Lease with Zero Landlord Responsibilities | Current Rent is Well Below Market at Just $114,770 Per Year

OVERVIEW

--15 Years Remaining on an Absolute NNN Lease with Tacala Companies, One of the Largest Operators of Taco Bell Franchises (350+ Locations)-- --Located on Dolly Parton Parkway, a Main Retail Thoroughfare with Traffic Counts Exceeding 65,000 Cars Per Day-- --Absolute NNN Lease with Zero Landlord Responsibilities | Current Rent is Well Below Market at Just $114,770 Per Year-- --Absolute NNN Lease with One of Taco Bell’s Largest Operators-- -Operated and Guaranteed by Tacala Tennessee Corp, a Subsidiary of the Tacala Company (350+ Taco Bell Locations) -Tacala Fully Rebuilt the Subject Property in 2014, Proving Their Commitment to the Site -The Subject Property Features 1% Annual Increases and Six, Five-Year Options, Providing for a Long-Term Easy-to-Own Investment -Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Excellent Operating History - The Subject Property Has Operated Successfully as a Taco Bell for Nearly 20 Years --Strong Real Estate Fundamentals-- -Excellent Exposure and Signage Along Dolly Parton Parkway (US-411) | Adjacent to the Signalized Intersection of US-411 and Veterans Boulevard (65,000 Cars Per Day) -Sevierville (“Severe-ville”), TN is the County Seat of Sevier County – the City Benefits from a Strategic Location Along US-411 and is Located in Close Proximity to Vibrant Tourist Destinations such as the Great Smoky Mountains -Excellent Location Along a Main Retail Thoroughfare – Dolly Parton Parkway Provides Easy Access to a Number of Retail Properties as Well as Sevierville Civic Center (City Hall, Community Center, and Bowling Center) in Addition to Sevier County High School and Junior High (2,500+ Students) -Strong Surrounding Credit Tenant Presence Including A&W, KFC, Bojangles’, Wendy’s, McDonald’s, Food City, and Many More -Infill Area – Daytime Population Counts Exceed 47,000 Within 5 Miles and Average Household Income Exceeds $80,000 Within 5 Miles Broker of Record: Jody McKibben License: #307629 6 Cadillac Drive, Suite 100 Brentwood, TN 37027

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$977 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell - Low Rent | 350+ Unit Operator

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-4

APN/PARCEL ID

05-049M -C -049M -008.0-0- 00

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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