Taco Bell – Low Rent | 350+ Unit Operator
931 Dolly Parton Parkway, Sevierville, TN 37862
Property Description
Price: $2,550,000
Land Area: ±39,977 Square Feet
Cap Rate: 4.50%
Gross Leasable Area: ±2,609 Square Feet
Investment 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
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 Renovated the Subject Property in 2016, 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
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643