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Taco Bell 169 S US Highway 17 2,720 SF Retail Building East Palatka, FL 32131 $2,584,000 ($950/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: 15-year absolute triple-net lease with approximately 10 years remaining on the primary term; tenant assumes full responsibility
- Institutional-Grade Tenant: Occupied by Taco Bell, one of the nation’s leading quick-service restaurant (QSR) brands, operating over 8,200 locations
- Structured Rent Increases: 10% rental escalations every five years, including during option periods, provide predictable and growing income streams.
- Corporate Guarantee: Lease guaranteed by U.S. Leader Restaurants, Inc., a well-capitalized and experienced 19-unit Taco Bell franchisee
- Modern Construction: Built in 2019, the property features Taco Bell’s current prototype design with drive-thru capabilities
- Long-Term Income Security: Approximately ±10 years of remaining primary lease term with five (5) additional five-year renewal options
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,720 SF
Building Class
B
Year Built
2019
Price
$2,584,000
Price Per SF
$950
Cap Rate
5.75%
NOI
$148,580
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.31 AC
Parking
19 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
61’ on U.S. 17
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,773,810 | |
| Land Assessment | $926,960 | Total Assessment | $4,700,770 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$926,960
Improvements Assessment
$3,773,810
Total Assessment
$4,700,770
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Taco Bell | 169 S US Highway 17
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