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247 Kane St
Gate City, VA 24251
23-Year AbsNNN TacoBell | Largest TB Operator · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 23-Year Absolute NNN Lease with 1% Annual Rental Increases | Operated by Taco Bell’s Largest Franchisee (350+ Units)
  • Within One Mile of Three Schools with Combined Enrollment of 1,618 Students
  • 2018 Build-To-Suit Construction Featuring Dedicated Drive-Thru and Patio Seating
  • 19,576 Residents Within a Five-Mile Radius of the Property | 17,000 AADT Directly in Front of the Property Along Kane Street
  • Centralized Location Between Numerous National Forests (Combined 10+ Million Annual Visitors)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,721 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.88 AC
Zoning
C-1
Parking
20 Spaces (7.35 Spaces per 1,000 SF Leased)
Frontage
268’ on Kane St

ABOUT 247 KANE ST , GATE CITY, VA 24251

The property is conveniently located and easily accessible from Kane Street, a major economic and retail corridor for Gate City, with visibility and access to 17,000 vehicles per day directly in front of the location. The property is also within minutes of U.S. Highway 23 and Interstate 26, two primary Southern Virginia/ Northern Tennessee thoroughfares. The property benefits from its central location in a populous area, with 19,576 residents living within a five-mile radius of the location. Traffic to the site is increased by its centralized location near primary Gate City schools, attractions, and retailers. The property is located across the street from Gate City Middle School and High School and is one mile from Shoemaker Elementary School (combined 1,618 students). The location also has a beneficial proximity to Creation Kingdom Zoo, which welcomes 1.6 million annual visitors. Visibility is increased by the site’s location between numerous National Forests, including Daniel Boone National Forest, George Washington and Jefferson National Forests, Cherokee National Forest, and Pisgah National Forest, all of which attract a combined 10+ million annual visitors. The site also maintains convenient access to several surrounding national and local retailers, including McDonald’s, Food Lion, Long John Silver’s, Hardee’s, O’Reilly Auto Parts, and more.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
146A8-A-34
Land Assessment
$250,000
Improvements Assessment
$555,700
Total Assessment
$805,700
  • Listing ID: 19099852

  • Date on Market: 4/3/2020

  • Last Updated:

  • Address: 247 Kane St, Gate City, VA 24251

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