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
- Surrounding National Retailers Include Tractor Supply Company, Hibbett Sports, Goody’s, Winn Dixie, Dollar General, Advance Auto Parts, Wendy’s, McDonald’s and Many More
- Part of the Jacksonville Metro Area
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell located in Macclenny, 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 part of the Jacksonville metro area which is home to nearly 1.5 million people. In past decades, the metro’s population growth has outpaced that of the nation, a trend that is projected to continue over the next five years. Surrounding national retailers include Tractor Supply Company, Hibbett Sports, Goody’s, Winn Dixie, Dollar General, Advance Auto Parts, Wendy’s, McDonald’s and many more.
