HIGHLIGHTS
- Single-Tenant Absolute NNN Lease - Zero Landlord Responsibilities. Tenant is responsible for taxes/insurance & all repairs/maintenance
- Experienced Operator with Strong Financials Leased to Fiesta QSR, a franchisee of Taco Bell with over 15 locations across New York and New Jersey
- Long Term Lease with Multiple Options - Base lease term expires December 2034 w/ 10% Increase in December 2029 and (5) 5-year options at a 12% bumps
- New Construction w. Drive-Through Built in 2024 to modern Taco Bell specifications, including a drive-thru lane
- 300’+ of Frontage Along Broadway & East 18th Street
FOR SALE DETAILS
PRICE
$2,280,000 USD
PRICE/SF
$436 USD /SF
CAP RATE
5.26%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Absolute NNN Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,725 SF
ZONING
RP-4W
APN/PARCEL ID
08-03510-0000-00003
ASK ABOUT THIS PROPERTY
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718-663-2639
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Please correct the highlighted field(s).
718-663-2639
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
