Property Features
- Price per Sq.ft: $825.88
- Sqr.Ft of Land : 33541
- Unit(s) : 1
- Sqr.Ft : 5734
- APN/Parcel ID: 310-740-21
- Lease Type: NNN
- Year Built: 2016
- Sprinklers: Yes
- Zoning: Business Park
- Highlights: NOI: $120,000 Cap Rate: 4.25% Lease: Absolute NNN Remaining Term: 21.2 Years Options: 2, 5 Year & 1, 4 Year Growth: 10% Every 5 Years (Includes Options)
- Sale notes: OWNERSHIP TYPE Fee Simple
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Description & Highlights
Vars Real Estate is proud to present this Taco Bell property for sale which is an excellent triple net investment California. Don’t miss out on these absolute NNN (zero landlord responsibility) opportunities. Remaining initial terms are 20.8 & 17.1 Years with 2, 5 year options & 1, 4 year for both properties. Rent growth is 10% every 5 years, includes options.
The Taco Bell is located at the intersection of Fowler and Shields with daily traffic counts exceeding 25,000. This property is located on a meticulously landscaped lot with 45 parking stalls and a long sweeping drive through. This location is close to the Fresno Yosemite International airport, Clovis East High School and 3 elementary schools.
HIGHLIGHTS – TRIPLE NET INVESTMENT CALIFORNIA
NOI: $120,000
Cap Rate: 4.25%
Lease: Absolute NNN
Remaining Term: 21.2 Years
Options: 2, 5 Year & 1, 4 Year
Growth: 10% Every 5 Years (Includes Options)
PART OF TWO PROPERTY SALE (2928 N Fowler Ave,
Fresno, CA 93727 and 339 Joseph Gallo Dr, Livingston, CA 95334)
ABOUT TENANT
Taco Bell is an American chain of fast-food restaurants based in Irvine, California. A subsidiary of Yum! Brands, Inc., which serves American adapted Mexican food. Taco Bell serves tacos, burritos, quesadillas, nachos, other specialty items, and a variety of “Value Menu” items. Taco Bell serves more than 2 billion consumers each year in more than 5,800 restaurants in the U.S., more than 80 percent of which are owned and operated by independent franchisees.
Pacific Bells owns over 215 Taco Bells spanning eight states. Pacific Bells’ mission is “to be a family of great people serving great food to people of the world.” They believe in giving their guests tremendous value, the highest quality and unsurpassed service.
Zero Landlord Responsibility!
ABOUT AREA
The Central Valley of California is the home of abundant farmland as far as the eye can see. In the center rests Fresno, a bustling metropolitan area with a population exceeding one million. In the city one can experience the arts in the historic Tower District, adventure into the expansive Woodward Park or enjoy a Grizzlies game in downtown.
Exclusively Marketed by:
Jake Olson
(209) 595-1112
Lic: 02070548
jake@varsrealestate.com
Additional Features
- Building Age: 4 years
- Parking: 45 spaces
- Cooling: Central HVAC
- Heating: Central HVAC
