1962 Smoot Ave - Fast Food FOR SALE


Danville, WV 25053
$1,008,000 USD
513-300-0763
1962 Smoot Ave, Danville, WV for Sale
$1,008,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

1962 Smoot Ave
Danville, WV 25053


HIGHLIGHTS

  • 2019 Construction Taco Bell - Low Rent Ground Lease With No Landlord Responsibilities
  • Affluent 5-Mile Average Household Income of $77,031
  • Attractive 5% Rent Increases Every 5 Years During the Primary Term; Followed by 10% Increases in Every 5-Year Renewal Option
  • High Traffic Location Situated Along Smoot Ave Generating 6,000 +/- Vehicles per day
  • Near National Retailers Including: Kroger, McDonald’s, KFC, Kroger Fuel, Wendy’s, Little General Convenience Store, Walgreen’s, Advanced Auto Parts
  • Little General Stores, Inc also Operates a Little General Convenience Store in Danville, Showing Their Commitment to This Market

OVERVIEW

Introducing TACO BELL - a prime investment opportunity in Danville, WV! This newly constructed Taco Bell property is offered at $1,008,000 with a 5.0% CAP rate. The lease, with a term extending to 2039, guarantees $50,400 in base rent with scheduled increases to $89,490 over time. Situated on 0.57 acres along the bustling Smoot Ave, this property sees approximately 6,000 vehicles daily and boasts an affluent 5-mile average household income of $77,031. With prominent neighboring retailers like Kroger, McDonald’s, and Walgreen’s, this location offers strong built-in foot traffic. Operated by seasoned industry player Little General Stores, Inc., known for its extensive network of convenience stores and quick-service restaurants, including Taco Bell, this property presents a secure and lucrative investment opportunity. Nearby amenities include BMH Danville Clinic, Scott High School, and Madison Middle School, further enhancing its appeal. Don't miss your chance to own this high-traffic, income-generating asset!

FOR SALE DETAILS

PRICE

$1,008,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

Commercial

APN/PARCEL ID

02-5-00910000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.