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169 S US Highway 17 2,720 SF Retail Building East Palatka, FL 32131 $2,435,616 ($895.45/SF) 6.10% Cap Rate
Investment Highlights
- 15-year absolute triple-net lease with approximately 8.5 years remaining on the primary term
- Occupied by Taco Bell, one of the nation's leading quick-service restaurant brands
- 10% rental escalations every five years provide predictable and growing income streams
- Lease guaranteed by U.S. Leader Restaurants, Inc., a well-capitalized and experienced Taco Bell franchisee
- Built in 2019, features Taco Bell's current prototype design with drive-thru capabilities
- Located within a thriving retail corridor anchored by Walmart, Publix, and Tractor Supply Co.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Taco Bell began in 1962 when Glen Bell opened the first restaurant in Downey, California, building on earlier taco stands and a background in fast-service restaurant operations. The chain serves Mexican-inspired foods such as tacos, burritos, quesadillas, nachos, and beverages, and its business spans company-operated and franchised restaurants. Taco Bell has grown into a widely recognized quick-service brand with a substantial presence in the United States and in markets outside the country. The company maintains digital ordering, career, and newsroom platforms that support menu launches, brand updates, and franchise-related hiring.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,773,810 | |
| Land Assessment | $926,960 | Total Assessment | $4,700,770 |
Property Taxes
Presented by
169 S US Highway 17
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