- 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
- Within Close Proximity to Interstate 10 with a Daily Traffic Count of More Than 31,000 Vehicles
- Surrounding National Brands Include Walmart Supercenter, Shell, Quality Inn, Aaron’s, Fresenius Medical Care, Wendy’s, Waffle House, Zaxby’s and Many More
Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell located in Live Oak, 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 within close proximity to interstate 10 with a daily traffic count of more than 31,000 vehicles. Surrounding national brands include Walmart Supercenter, Shell, Quality Inn, Aaron’s, Fresenius Medical Care, Wendy’s, Waffle House, Zaxby’s and many more. Live Oak has a small-town setting with a large daytime population, surrounded by wildlife preserves, natural forests, beautiful springs and agricultural farmlands. Growing industries include manufacturing, educational services, health care, and warehousing with trade and transportation being the largest sectors.