Taco Bell — Sale in Oak Ridge, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Oak Ridge, TN 37830

Investment Figures

Cap rate
5.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

- Original 23 Year Lease with Over 19 Years Remaining The subject property is a single tenant Taco Bell operating under a 23-year absolute NNN lease with over 19-years remaining . The passive long-term lease offers a predictable income stream with no maintenance or management responsibilities whatsoever - 1.5% Annual Rent Increase during the Primary Term and Option Periods The lease offers attractive predetermined rent increases of 1.5% annually during the primary term and each of the six consecutive 5-year extension options - Knoxville, Tennessee MSA | Strong Demographics: $90,963 Avg. HHI (5-Mile) The property is located in the Knoxville MSA approximately 30 minutes from Downtown Knoxville with strong demographics in the region - average household income exceed $90,000 within a 5-mile radius of the subject property - Tacala, LLC Franchised Location | #1 Taco Bell Franchisee (380 Locations) The subject property is operated by Tacala, LLC, the largest Taco Bell franchisee in the U.S. with approximately 380 locations and expanding. Financial reporting is required by the Lease. See Agent for further details. - Excellent Retail Fundamentals: Outparcel to a Walmart Supercenter The property is situated near the 4-way signalized corner of S. Illinois Avenue and S. Tulane Avenue and an outparcel to a newer shopping center anchored by Walmart Supercenter, Dick’s Sporting Goods, and TJ Maxx. National retailers in the immediate trade area include: Hobby Lobby, McAlister’s Deli, Chick-fil-A, Planet Fitness, PetSmart, Ross Dress-for-Less, Cinemark Theaters, Bank of America, Walgreens, Starbucks, Food City, Kroger Marketplace, and many more Investment Highlights: • Absolute NNN Lease with over 19 Years Remaining • Tacala Franchised Location (380+ Locations) • Outparcel to a Dick's Sporting Goods-TJ-Maxx Anchored Center Adjacent to a Super Walmart

Market Context

This retail in Oak Ridge, TN is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Oak Ridge, TN — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Oak Ridge, TN