Investment Highlights
- Brand New, 20-Year, Triple Net (NNN) Lease With Four, Five-Year Tenant Renewal Options
- Total Renovation, Currently Under Construction With Lease Commencement Upon Close of Escrow
- 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Property Includes a Drive-Thru Lane
- Luihn Vantedge Partners, LLC Is an Experienced Franchisee Who Owns And Operates Over 200 Restaurants Spanning Over Five States With More Than 4,500 Employees
- Average Household Income in One Mile is $93,992, Projected to Reach $106,016 by 2027
- Adjacent to Walmart Supercenter, Lowes, Hobby Lobby & Marshalls, Providing Additional Traffic and Exposure for This Property
- New Multi-Family Communities in the Area Brought More Than 635 Units/Households
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a new Taco Bell in Weaverville, NC (Asheville MSA). This lease offers a brand new, 20-year, triple net (NNN) lease with four, five-year tenant renewal options. Lease commencement is upon the Close of Escrow (COE) with lease expiration 20 years from COE. There are four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This location is currently under construction and includes a drive-thru lane.
Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates over 200 restaurants spanning over five states with more than 4,500 employees.
Situated at the Southwest Quadrant of US Highway 70/Weaver Boulevard and Interstate 26, connecting south to Asheville, the property is strategically positioned amidst notable retail establishments, including Walmart Supercenter, Lowes, Hobby Lobby, and Marshalls. Average household income within a one-mile radius currently standing at $93,992, with a projected increase to $106,016 by 2027. Furthermore, the recent development of new multi-family communities in the vicinity has introduced over 635 additional units/households, contributing to the overall demographic landscape of the area.
Surrounding national brands include Walmart Supercenter, Lowes Home Improvement, Publix Supermarket, ALDI, Ingles Markets, Hobby Lobby, Marshall’s, Big Lots, Advance Auto Parts, AutoZone, Dollar Tree, McDonald’s, Arby’s, Burger King, Zaxby’s, Bojangles, Firehouse Subs, KFC, Hardee’s, Sonic Drive-In, Dairy Queen Grill & Chill, Dollar General, ABC Store, Ace Hardware, O’Reilly Auto Parts, CVS, PNC Bank, T-Mobile, Fairfield Inn & Suites by Marriott and many more.
Broker of Record
Ben Yelm
Lic #: 30378
