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Off Market
1/2

1215 S 6th St
Macclenny, FL 32063


HIGHLIGHTS


OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell located in Macclenny, Florida. This location is part of a six-unit Taco Bell portfolio or is available separately. This Taco Bell offers a brand new, 20-year, triple net sale leaseback which commences upon close of escrow. There are four, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods. The lease is guaranteed by Luihn VantEdge Partners, LLC. Luihn VantEdge Partners is a strong franchisee which owns and operates 119 restaurants throughout North Carolina, South Carolina, Florida and Virginia, with over 3,200 talented employees. The subject property is part of the Jacksonville metro area which is home to nearly 1.5 million people. In past decades, the metro’s population growth has outpaced that of the nation, a trend that is projected to continue over the next five years. Surrounding national retailers include Tractor Supply Company, Hibbett Sports, Goody’s, Winn Dixie, Dollar General, Advance Auto Parts, Wendy’s, McDonald’s and many more.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

2166

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

05-3S-22-0066-0000-0022