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Taco Bell 1023 Paris Rd 1,592 SF Retail Building Mayfield, KY 42066 $1,733,000 ($1,088.57/SF) 5.50% Cap Rate
Investment Highlights
- Approximately 7.5 years remaining on absolute NNN leasde
- Leased to one of the largest Taco Bell franchisees (K-MAC Enterprises) operating +340 locations
- 1.0% annual rent increases
Executive Summary
Newly constructed in 2013, there are approximately 7.5 years remaining on the absolute NNN lease that calls for 1.0% annual rent increases. The lease is signed by K-MAC Enterprises, who is one of the largest Taco Bell franchisees with 340+ restaurants. This Taco Bell is equipped with a long stacking drive thru lane and is situated down the street from the local high school and near other national retailers such as Wal Mart Supercenter, Lowe's Home Improvements, Tractor Supply just to name a few.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,592 SF
Year Built
2013
Price
$1,733,000
Price Per SF
$1,088.57
Cap Rate
5.50%
NOI
$95,315
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.75 AC
Zoning
Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 210.00.11.011.00 | Improvements Assessment | $1,460,000 |
| Land Assessment | $1,460,000 | Total Assessment | $2,920,000 |
Property Taxes
Parcel Number
210.00.11.011.00
Land Assessment
$1,460,000
Improvements Assessment
$1,460,000
Total Assessment
$2,920,000
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Taco Bell | 1023 Paris Rd
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