Opportunity to invest in a new 20 year lease, with 5% rent bumps every 5 years, and four 5-year options. Tenant is a multi-unit operator of Taco Bell and was named Taco Bell franchisee of the year in 2004, out of over 300 franchisees nationwide.
Store sales at this location have increased year over year the past four years, with significant increase annually.
Subject property is located on the pad of a Super Wal-Mart, with two large strip centers on either side. This shopping center is the main retail destination for people within a 20 mile radius of the property. Other retailers in the immediate vicinity include Burger King, KFC, Holiday Inn Express, Exxon gas, McAlister's Deli, Captain D's, and McDonald's.
