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Taco Bell, Talbott, TN

Taco Bell, Talbott, TN


Investment Summary

Price $3,038,000
Cap Rate
NOI
Lease Term 25 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1% annual rental increases
Year Built 2024
Building Size 2,500 SF (est.)
Lot Size 1.27 acres (55,321 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 25-YEAR ABSOLUTE NNN LEASE TO ICONIC QSR TENANT
» 25-year absolute NNN lease to one of the largest franchisees in the Taco Bell system
» Rare annual rental increases, providing an excellent long-term and secure money-generator
» No landlord management, an ideal opportunity for a local or out-of-area investor
» Leased to Tacala LLC, one of Taco Bell’s largest operators with over 350 units
» Taco Bell serves more than 42 million customers each week in the U.S.

PRIME HARD CORNER LOCATION ON PRIMARY RETAIL THOROUGHFARE
» High-visibility and easily accessible location on West Andrew Johnson Highway, Talbott’s primary retail thoroughfare, with access to 37,368 vehicles per day directly in front of the site
» Strategically positioned at the signalized intersection of West Andrew Johnson Highway and Air Park Boulevard, with access to a combined 51,533 vehicles per day
» Located less than a mile north from Talbott’s industrial district, home to many of the city’s large companies and employers such as Howmet Aerospace (785 employees), JTEKT Automotive (700 employees), Rich Products Corporation (600 employees) and several others
» Walking distance from Alpha Elementary School, servicing 566 students in grades PK-5
» Located within three miles of major car dealerships including Honda Morristown, Morristown Chevrolet, Tarr Hyundai, and Rusty Wallace Toyota, significantly driving traffic to the site
» Located just half a mile from the UT Regional Health Center, a new 51,000-SF facility offering diagnostic services such as echo and vascular ultrasound, pulmonary function testing and X-ray

CONVENIENT LOCATION NEAR TALBOTT SCHOOLS AND COMMUNITY HUBS
» 25,479 residents live within five miles of the site, establishing a stable customer base for the site
» Average annual household income of $82,140 within three miles of the site
» Projected population and income increases within 1-, 3-, and 5-mile radii of the site, poising Taco Bell and Talbott for steady concurrent growth
» Surrounded by single family housing developments, creating a consistent walking distance customer base for the site
» Centrally located near several Talbott Schools, community hubs and large employers including Alpha Elementary School (566 students), West View Middle School (579 students), Talbott Elementary School (290 students), and many others

NEW 2024 CONSTRUCTION BUILT TO LATEST TACO BELL PROTOTYPE
» New high-quality 2024 construction built to the latest Taco Bell prototype
» Site features covered patio seating and dedicated drive-thru for added customer convenience
» Tennessee is an income tax-free state

Property Description

SOLD

» High-visibility and easily accessible location on West Andrew Johnson Highway, Talbott’s primary retail thoroughfare, with access to 37,368 vehicles per day directly in front of the site
» This Taco Bell site is strategically positioned at the signalized intersection of West Andrew Johnson Highway and Air Park Boulevar, with access to a combined 51,533 vehicles per day
» The property is located down the street from Alpha Elementary School (566 students), providing Taco Bell with a consistent customer base
» Located directly across the street from Talbott’s major industrial employers such as Howmet Aerospace (785 employees), JTEKT Automotive
(700 employees), and Rich Productions Corporation (600 employees)
» Located less than 40 miles northeast of Knoxville, Talbott sits between Morristown and Jefferson City, giving Taco Bell access to commuting traffic traveling within the Morristown Metropolitan Statistical Area
» Taco Bell has fantastic proximity to many critical traffic drivers including Rusty Wallace Toyota, Tarr Hyundai, Morristown Chevrolet, and Honda Morristown, driving a significant amount of traffic to the site
» Projected population and income increases within 1-, 3-, and 5-mile radii of the site, poising Taco Bell and Talbott for steady concurrent growth

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