Investment Highlights
- Brand New, 20-Year Triple Net Sale-Leaseback, Commencing Upon Close of Escrow
- Four, Five-Year Option Periods with 10% Rental Increases Every Five Years in Base Term and option Periods
- Strong Franchisee; Luihn VantEdge Partners, LLC Owns and Operates 119 Restaurants Throughout NC, SC, FL and VA
- Located Between Gainesville (25 Miles South) and Jacksonville (47 Miles North East)
- Located off Walnut Street with a Daily Traffic Count of 32,000 Vehicles
- Surrounding National Retailers Include Walmart Supercenter, Bealls Outlet, Save-A-Lot, Hibbett Sports, Rent A Center, Dollar General, Dunkin Donuts, KFC, McDonald’s and Many More
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell located in Starke, Florida. This location is part of a six-unit Taco Bell portfolio or is available separately. This Taco Bell offers a brand new, 20-year, triple net sale leaseback which commences upon close of escrow. There are four, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods.
The lease is guaranteed by Luihn VantEdge Partners, LLC. Luihn VantEdge Partners is a strong franchisee which owns and operates 119 restaurants throughout North Carolina, South Carolina, Florida and Virginia, with over 3,200 talented employees.
The subject property is located between Gainesville (25 miles south) and Jacksonville (47 miles north east). This Taco Bell is located off Walnut Street with a daily traffic count of 32,000 vehicles. Surrounding national retailers include Walmart Supercenter, Bealls Outlet, Save-A-Lot, Hibbett Sports, Rent-A-Center, Dollar General, Dunkin Donuts, KFC, McDonald’s and many more.
