Iconic Globally Recognized Brand – The property is leased by Taco Bell Corp., a subsidiary of Yum! Brands, Inc. (NYSE: YUM), which is the nation’s leading Mexican-inspired quick service restaurant (QSR) brand, serving over 42 million customers each week throughout its 7,000 restaurants.
Largest Taco Bell Franchisee in the United States – Backed by Altamont Capital Partners, the tenant Tacala, LLC, is the largest Taco Bell franchisee in the United States. The company operates nearly 270 Taco Bell restaurants throughout Alabama, Georgia, Tennessee, Texas, Kentucky, Virginia, and North Carolina with a significant presence in each of its local markets.
Upward Trending Unit Level Sales – 20% Sales Growth Since 2013 – 11 Year Successful Operating History – This location has seen steady, upward trending unit level sales figures and a roughly 20% increase in sales overall since 2013. Taco Bell has operated successfully for over 11 years within this market.
Long Term NNN Lease with Rent Growth – No Landlord Responsibilities – The 20 year lease has 8+ years remaining with rent increases every 5 years in the Primary Term as well as in the (4) 5-year Option Periods. In addition, the Absolute NNN lease gives the Landlord zero management responsibilities. The Tenant is responsible for handling property taxes, insurance, parking lot repair/maintenance, and all building repair/maintenance.
Shadow Anchored by Food City – The subject property is located on an out-parcel to a Food City supermarket and pharmacy store. Food City is an American supermarket chain with 122 locations throughout Georgia, Kentucky, Tennessee, and Virginia.
Excellent Visibility & Signage Along Major Retail Corridor – The subject property is located on Hwy 321/W. Jackson Blvd, which is the main retail/commuter corridor between Jonesborough & Johnson City. The site sees 26,000+ vehicles per day, offering excellent visibility and signage to daily traffic.