Taco Bell
$3,450,000
191 Disc Dr, Sparks, NV 89436, Sparks, NV 89436
5
Cap Rate
172,500
NOI
Details:
Highlights:
- Long-Term Absolute NNN Lease: ±12 years remaining followed by four (4), 5-year renewal options
- No Landlord Responsibilities: Tenant is responsible for property taxes, insurance, HVAC, roof and structure, parking lot and common area maintenance
- Established Location: Taco Bell has ±15 years of operating history at this location
- Recent Lease Extension: Demonstrates Tenant’s commitment to and performance at this location
- Experienced Operator: DRG Food operates over 330+ locations
- Pad to Sparks Galleria featuring national retailers: Sprouts Farmers Market, Marshalls/HomeGoods, T-Mobile, Starbucks, Fitness Connection, and shadow anchored by Costco and Home Depot
- Booming Demographics and Economic Growth: Recent area development of new economic and residential expansion in the Sparks, Nevada area
- Recession-Proof and E-Commerce Resistant: Taco Bell is a “Recession-Proof” tenant and e-commerce resistant
- Intrinsic Value: Nevada is an income tax free state
Description:
CIRE Partners is pleased to exclusively offer for sale a single tenant net leased asset located in the Sparks Galleria retail center in Sparks, NV. The subject property consists of an approximately 2,227 SF building on a 1.15 acre parcel located at 191 Disc Drive. Taco Bell occupies 100% of the property on a ±12 years remaining lease term and 4 remaining options.
The subject property is strategically located on Disc Drive benefiting from three primary points of entry to the property including one signalized entrance at Galleria Parkway. The Sparks submarket has become the talk of northern Nevada as investment by technology behemoths Apple, Google, and Tesla has served as the catalyst to great economic and residential growth. The recent business activity has provided new economic and residential expansion in the area.
FOR SALE BY OWNER
Documents:
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Taco_Bell_Sparks_NV_OM.pdf
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Location
Gallery
