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405 E State Road 114
Levelland, TX 79336
Taco Bell · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Signage
- Drive Thru
ABOUT 405 E STATE ROAD 114 , LEVELLAND, TX 79336
The offering is an absolute net-leased Taco Bell operated by a franchisee with seven years remaining on the initial term, and a rental increase on May 1, 2021. There are also four 5-year options, with increases in rent every five years, providing a strong hedge against inflation. The absolute net leased nature of the investment yields zero landlord maintenance or expense responsibilities, providing passive cash-flow. The subject property is a 2,350 SF restaurant built in 2006 located in Levelland, TX. It is a pad to a Walmart Supercenter, the only one in Levelland, with the nearest Walmart Super Center over 25 miles away. It is located along the highly trafficked state Highway 114, and is only 1.5 miles from South Plains College, with over 9,000 students enrolled.
PROPERTY TAXES
| Parcel Number | R61224 | Improvements Assessment | $181,290 |
| Land Assessment | $90,970 | Total Assessment | $272,260 |
PROPERTY TAXES
