Huntingdon, TN - Taco Bell

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, Taco Bell investment property located in Huntingdon, Tennessee. The tenant, Pacific Bells, LLC, recently signed a brand new 25-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 1.75% annual rental increases throughout the initial term and option periods, 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. Formed in 1986, Pacific Bells is an experienced Taco Bell franchisee currently operating over 250 restaurants in 8 states Taco Bell and their 350 franchise organizations operate more than 7,000 restaurants and serve more than 40 million customers each week in the United States. Internationally, the brand is growing with more than 500 restaurants across nearly 30 countries across the globe.

The subject property is strategically located near the signalized, hard corner intersection of Veterans Drive N and W Main Street, averaging a combined 14,800 vehicles passing by daily. The building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The site benefits from excellent visibility via significant street frontage and a large pylon sign. Additionally, the asset is ideally situated adjacent to Walmart Supercenter, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The 5-mile trade area is supported by more than 6,000 residents and 2,000 daytime employees with an average household income of $63,000.