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29816058
29816059

1962 Smoot Ave, Danville, WV 25053

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland
$1,008,000
111 days on market
Updated 20 days ago

Taco Bell Ground Lease | $1 Million Price Point

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 1,960
Cap Rate 5%
NOI $50,400
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+3)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/30/2039
Remaining Term 13.1
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2019
Acreage 0.570
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/31/2019
Occupancy Date 07/31/2019
Ground Lease Yes
Sale Condition 1031 exchange

Retail | 5.00% CAP

Marketing description

YUM! BRANDS, INC

• PUBLICLY TRADED ON NYSE

• APPROXIMATELY 1,500 FRANCHISEES

• 62,000 + LOCATIONS IN 155+ COUNTRIES/TERRITORIES

• SYSTEM-WIDE SALES OF $65.4 BILLION

• PARENT COMPANY OF TACO BELL, KFC, PIZZA HUT, AND HABIT BURGER & GRILL

TACO BELL

• 8,500+/- RESTAURANTS WORLDWIDE

• TACO BELL GENERATED OVER $17 BILLION TOTAL SALES GLOBALLY IN 2024

• NAMED #1 FRANCHISE ON ENTREPRENEUR’S FRANCHISE 500 LIST FIVE CONSECUTIVE YEARS (2021–2025)

LITTLE GENERAL STORES, INC.

• OPERATE 115 CONVENIENCE STORES AND ARE FUEL DISTRIBUTORS FOR EXXON AND MARATHON

• FRANCHISEES AND OPERATE THE FOLLOWING BRANDED FOOD SERVICE OPERATIONS: SUBWAY, ARBY’S, GODFATHER’S PIZZA, TACO BELL, BURGER KING, DUNKIN’, TERIYAKI MADNESS AND BUFFALO WILD WINGS GO

• COMPANY FOUNDED IN 1975 | 50+ YEAR OPERATING HISTORY

Investment highlights

INVESTMENT HIGHLIGHTS

• LOW RENT GROUND LEASE | NO LANDLORD RESPONSIBILITIES

• 5% RENTAL INCREASES EVERY 5 YEARS IN PRIMARY TERM

• 10% INCREASES EVERY 5-YEAR RENEWAL PERIOD

• 13.5+ YEARS REMAINING ON INITIAL 20-YEAR TERM

• MULTI-CONCEPT FRANCHISEE | OPERATES 100+ LOCATIONS INCLUDING CONVENIENCE STORES/ QSRS

• 2019 CONSTRUCTION

STRONG RETAIL CORRIDOR

• 6,000+ VEHICLES PER DAY ON SMOOT AVE

• IMMEDIATE AREA INCLUDES: KFC, KROGER, MCDONALDS, WENDYS, ADVANCE AUTO PARTS, AND WALGREENS

• IN CLOSE PROXIMITY TO SCOTT HIGH SCHOOL AND MADISON MIDDLE SCHOOL

Listing Contacts

GF
WVB250301068
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$50,400.00
$4,200.00/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Grant Fitzgerald
License
WVB250301068
Brokerage
Marcus & Millichap
Brokerage Phone
216.264.2060
Title
Broker of Record
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