465 Shady St Mountain City, TN 37683
- Retail properties
- 1.40 lot acres
Current Use by Public Records
- Taco Bell / Takeout Restaurant / Mexican Restaurant
Property Details for 465 Shady St
- Year built
- 2023
- Lot size
- 1.40 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed, fee-simple Taco Bell restaurant located at 465 S Shady St, Mountain City, Tennessee 37683. The property boasts a 1.4-acre lot and a single-story building constructed in 2023. The absolute triple net (NNN) lease with the franchisee guarantees zero landlord responsibilities, providing a passive income stream. The lease commenced on June 26, 2023, and has a remaining term of approximately 18.6 years, extending to June 26, 2043, with four 5-year renewal options. The current annual net operating income (NOI) is $109,081, yielding a 5.50% capitalization rate on the asking price of $1,983,290. Rent escalations of 10% are built into the lease every five years, providing built-in growth potential. The property enjoys excellent visibility and accessibility, situated in Johnson County, Tennessee, an income tax-free state. This is a rare opportunity to acquire a brand-new, high-performing Taco Bell with a long-term lease and significant upside potential. The franchisee has a proven track record with 153 units. The property is currently 100% occupied.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mountain City
- County
- Johnson
- State
- Tennessee
- Longitude
- -81.8071
- Latitude
- 36.4709
