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Taco Bell 1962 Smoot Ave 2,000 SF Retail Building Danville, WV 25053 $999,000 ($499.50/SF) 5.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 2019 Construction Taco Bell - Low Rent Ground Lease With No Landlord Responsibilities
  • Attractive 5% Rent Increases Every 5 Years During the Primary Term; Followed by 10% Increases in Every 5-Year Renewal Option
  • Near National Retailers Including: Kroger, McDonald’s, KFC, Kroger Fuel, Wendy’s, Little General Convenience Store, Walgreen’s, Advanced Auto Parts
  • Affluent 5-Mile Average Household Income of $77,031
  • High Traffic Location Situated Along Smoot Ave Generating 6,000 +/- Vehicles per day
  • Little General Stores, Inc also Operates a Little General Convenience Store in Danville, Showing Their Commitment to This Market

EXECUTIVE SUMMARY

Introducing TACO BELL - a prime investment opportunity in Danville, WV! This newly constructed Taco Bell property is offered at $1,008,000 with a 5.0% CAP rate. The lease, with a term extending to 2039, guarantees $50,400 in base rent with scheduled increases to $89,490 over time. Situated on 0.57 acres along the bustling Smoot Ave, this property sees approximately 6,000 vehicles daily and boasts an affluent 5-mile average household income of $77,031. With prominent neighboring retailers like Kroger, McDonald’s, and Walgreen’s, this location offers strong built-in foot traffic. Operated by seasoned industry player Little General Stores, Inc., known for its extensive network of convenience stores and quick-service restaurants, including Taco Bell, this property presents a secure and lucrative investment opportunity. Nearby amenities include BMH Danville Clinic, Scott High School, and Madison Middle School, further enhancing its appeal. Don't miss your chance to own this high-traffic, income-generating asset!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
B
Year Built
2019
Price
$999,000
Price Per SF
$499.50
Cap Rate
5.05%
NOI
$50,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.60 AC
Zoning
Commercial
Frontage
147’ on Smoot Ave

NEARBY MAJOR RETAILERS

United Bank
Truist
Kroger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-5-00910000
Land Assessment
$104,700
Improvements Assessment
$282,660
Total Assessment
$387,360
  • Listing ID: 35674196

  • Date on Market: 4/29/2025

  • Last Updated:

  • Address: 1962 Smoot Ave, Danville, WV 25053

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