NNN Wendy's Restaurant
Sq. Feet 33,118
Marcus and Millichap is pleased to present this NNN free standing Taco Bell operated by Tacala LLC. Tacala is one of the the largest operators of Taco Bells in the country, primarily focused in the southeast and Missouri. The remaining base term of the lease expires on October 3rd, 2023. There are three, five-year options to extend the lease, which includes 10% fixed increases every 5 years.
This is a "Bold Choice" design which is Taco Bell's latest design concept. Situated on an outparcel to Walmart Super center which draws traffic from the surrounding areas and is adjacent to I-65. There is a new Publix center within 1/4 of a mile of subject property. Located in Shelby County which continues to be one of the fastest growing counties in the country. YUM Brands, the franchisor, is the world's largest restaurant company with over 35,000 stores in 110 countries and with more than $12.6 billion in worldwide revenues in 2011. Taco Bell is the nation's fifth largest QSR and dominates the Mexican segment. Taco Bell generated sales of $6.8 Billion in 2011. This offering is a great opportunity for an investor to acquire a management free asset with an attractive yield from one of the largest and most experienced operators in the country.
Cap Rate: 7.01% NOI: $107,908 Livable Sq. Ft: 2,500
Built in 2003 units Lot Sq. Ft: 28,314