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
- Brand New Construction; Built in 2017
- Strong Franchisee; Luihn VantEdge Partners, LLC Owns and Operates 119 Restaurants Throughout NC, SC, FL and VA
- One Mile from Shands Lake Shore Regional Medical Center
- Surrounding National Retailers Include Winn Dixie, Bealls Outlet, Dollar Tree, CVS, Napa Auto Parts, Burger King, Waffle House, Popeyes and Many More
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell located in Lake City, 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. This location was built in 2017.
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 one mile from Shands Lake Shore Regional Medical Center. Surrounding national retailers include Winn Dixie, Bealls Outlet, Dollar Tree, CVS, Napa Auto Parts, Burger King, Waffle House, Popeyes and many more.
