Taco Bell Available For Sale

Highlights:

• Store Opening February 2025
• 350+Unit Operator
• New 25 Year Sale Leaseback
• Zero Landlord Responsibilities
• Annual Increases Throughout
• Tax Free State

Description:

Fortis Net Lease is pleased to present a free-standing Taco Bell located in Newbern, TN. At Close of Escrow, K-MAC Enterprises will sign a new 25-year lease which will expire in February 2050. The absolute NNN lease will require zero landlord responsibilities and will include 1% annual rent increases to hedge against inflation. These rent escalations are also included in the four, five-year option periods. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.