Listed by Paine Restaurant Group at Marcus Millichap
$1,313,516
Dark Vacant Former Taco Bueno QSR Drive Thru Restaurant
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,141
Cap Rate 6%
NOI $78,811
Tenancy Vacant
Brand/Tenant Taco Bell, Burger King
Rent Bumps Yes
Broker Co-Op Yes
Year Renovated 2017
Acreage 1.050
Investment Type Owner/User
Ground Lease Yes
Retail | 5.33% CAP | 2,141 SF | 2nd Gen QSR at Low Price Point with Drive-Thru
Marketing description
Paine Restaurant Group at Marcus & Millichap is pleased to present the opportunity to acquire a property ground leased to Taco Bueno on a 1.05-acre lot in North Little Rock, Arkansas. The property is located just off Interstate 40 with over 90,000 vehicles per day.
The property has been ground leased to a quick service restaurant since 2017, with a 2,141-square-foot building that is currently not operating. There are 12 years remaining on the ground lease with annual 1.5 percent rent increases.
Investment highlights
12 Years Remaining on Ground Lease
Annual Rent Increases of 1.5%
2,141 SF Building Built in 2017 on 1.05 Acre Lot
Interstate 40 Frontage with 90,000 VPD
Three-Mile Population of 55,566
Average Household Income of $81,197
Listing Contacts
Listed by Paine Restaurant Group at Marcus Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,811.00
$6,567.58/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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