This property is Off-Market

3946 Bemiss Road
Valdosta, GA 31605 ·

2,578 SF · Retail For Sale

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Taco Bell

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 2,578 SF Cap Rate 6.40%
Property Type Retail Tenancy Single
Property Sub-type
Restaurant
More...
  • Free Standing Bldg
  • Street Retail
  • Retail Pad
Lot Size 37,243 SF
Listing ID: 17563002 Date Created: 03/07/2012 Last Updated: 04/07/2015

Description

The CBRE Net Lease Property Group is pleased to offer for sale the fee-simple interest in a Taco Bell at 3946 Bemiss Road in Valdosta, Georgia. There are 12+ years left on the original 20 year lease to Tacala Georgia LLC. Tacala LLC is the largest Taco Bell franchisee in the system. The NOI is $107,169 or a 6% cap rate with a $1,750,000 purchase price. There are 4 five-year options and lease escalations are 1% annually.

The property, with more than 24,000 CPD, is located along State Route 125 in the heart of a very active retail corridor. Wal-Mart, Big Lots, Best Buy, Target, Sears, Old Navy, Kmart, Lowe's, Advance Auto Parts, Ace Hardware, Auto Zone, CVS, McDonald's, Long John Silver's, KFC, Winn-Dixie and Pizza Hut all operate nearaby.

Valdosta, incorporated in 1860, is the county seat of Lowndes County. It is located in the far southern portion of the state, near the Florida line. It is a commercial center of South Georgia with numerous manufacturing plants.

Highlights

  • Long Term stable cash flow -- Operated by the largest Taco Bell franchisee in the U.S.
  • 13 years left on the original 20 year lease
  • Absolute NNN Lease -- No Landlord Responsibility
  • Four (4) five year options -- Annual rent escalations
  • Includes such platinum properties as CVS, McDonald's, Wal-Mart, Target, Walgreens', Best Buy, Advance Auto, Burger King, Dollar General, Eckerd, KFC.
  • Vibrant retail corridor located on major artery along State Route 125 with more than 24,000 CPD and double-digit growth

Research

3946 Bemiss Road, Valdosta, GA 31605 (Lowndes County)

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