Investment Highlights
- 25-Year, Triple Net (NNN) Lease Commencing Upon Close of Escrow | 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Property Includes Double Drive-Thru Lane
- Strong Franchisee, Luihn VantEdge Partners Owns and Operates Over 180 Restaurants Throughout AZ, FL, NC, SC and VA
- Located at Flowers Plantation with Approximately 150,000 Square Feet of Commercial Real Estate and an Additional 350,000 Square Feet Currently Being Developed
- Outparcel to Market at Flowers Crossroads, a Brand-New Publix Anchored Center with Tenants Including UPS Store and Great Clips | Other Outparcels Include AutoZone and Smithfield’s Chicken ‘N Bar-B-Q
- Adjacent to a 396 Unit Apartment Complex Currently Being Developed
- Population Over 140,000 Within a 10-Mile Radius | Average Household Income within One Mile of Subject Property is $125,138, and $115,768 within Five Miles
- Other Surrounding National Brands Include Harris Teeter & Fuel Center, McDonald’s, Starbucks, Petco, CVS Pharmacy, Coldwell Banker, State Farm Insurance, Edward Jones, Extra Space Storage, Caterpillar Manufacturing Facility and Many More
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell in Clayton, NC, Raleigh-Durham MSA. This Taco Bell offers a 25-year, triple net (NNN) lease commencing upon close of escrow with 10 percent rent increases every five years throughout base term and option periods. Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates over 170 restaurants spanning over five states with more than 4,500 employees.
The subject property is located within Flowers Plantation, the largest planned urban development (PUD) community in the triangle with 40 neighborhoods and a population of over 140,000 within a ten-mile radius. The location offers approximately 150,000 square feet of commercial real estate with an additional 350,000 square feet currently being developed. The average household income within one mile of the subject property is $125,138, and $115,768 within five miles.
This Taco Bell is adjacent to a 396-unit apartment complex currently being developed and an outparcel to Market at Flowers Crossroads, a brand-new Publix anchored center with tenants including UPS Store and Great Clips. Other outparcels include AutoZone and Smithfield’s Chicken ‘N Bar-B-Q. Additional surrounding national brands include Harris Teeter & Fuel Center, McDonald’s, Starbucks, Petco, CVS Pharmacy, Coldwell Banker, State Farm Insurance, Edward Jones, Extra Space Storage, Caterpillar Manufacturing Facility and many more.
Broker of Record
Ben Yelm
Lic #: 303785
