Stable investment that is perfect for out-of-town investors with zero landlord responsibilities required by ownership. Internet & Pandemic Proof concept backed by a high-performing tenant that is operated by a fast-growing Taco Bell franchisee (37 units and growing). Strategically located off I-264 along Cane Run Road which sees approximately 43,800 vehicles per day. Brand new high-quality building sitting on 0.85 acres of land that features a dedicated drive-thru which adds a meaningful amenity to customers all day and night.
| Price: | $2,105,000 |
|---|---|
| Status: | Available |
| CAP: | 4.75% |
| Years Left: | 20 |
| Lease Type: |
Over 4 Years of Term Remaining | Corporate Tenant | Corporate Guaranty. NN Lease with Minimal Landlord Responsibilities. This Location Went Through a Complete Renovation in 2016 By Upgrading to an all Brick and Concrete Building and Expanding the Store by an Additional 4,340 SF. Brand New Roof and HVAC Systems in 2016. Percentage Rent Equal to 3% of Gross Sales in Excess of $4,203,900.
| Price: | $1,657,185 |
|---|---|
| Status: | Available |
| CAP: | 7.00% |
| Years Left: | 4.2 |
| Lease Type: |
