169 S US Highway 17 - Retail FOR SALE
East Palatka, FL 32131 |
$2,584,000 USD
305-395-6972
169 S US Highway 17
East Palatka, FL 32131
HIGHLIGHTS
- Absolute NNN Lease: 15-year absolute triple-net lease with approximately 10 years remaining on the primary term; tenant assumes full responsibility
- Corporate Guarantee: Lease guaranteed by U.S. Leader Restaurants, Inc., a well-capitalized and experienced 19-unit Taco Bell franchisee
- Institutional-Grade Tenant: Occupied by Taco Bell, one of the nation’s leading quick-service restaurant (QSR) brands, operating over 8,200 locations
- Modern Construction: Built in 2019, the property features Taco Bell’s current prototype design with drive-thru capabilities
- Structured Rent Increases: 10% rental escalations every five years, including during option periods, provide predictable and growing income streams.
- Long-Term Income Security: Approximately ±10 years of remaining primary lease term with five (5) additional five-year renewal options
FOR SALE DETAILS
PRICE
$2,584,000 USD
PRICE/SF
$950 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
38-10-27-0000-069.0-001.0
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305-395-6972
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305-395-6972
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