Property Details for 1014 Main St

Year built

2006

Lot size

1.13 lot acres

Property size

2,486 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,486 square foot Taco Bell restaurant located at 1014 Main St, Tuba City, AZ 86045. The property sits on a 1.13-acre lot and boasts a strong 100% occupancy rate under a Net Lease (NNN) agreement. The current lease, with a franchisee tenant, commenced November 22, 2006, and extends to November 21, 2036, offering a substantial remaining lease term of 12 years. Rent increases are built in, with a 10% bump every five years, ensuring consistent income growth. The property generates a significant Net Operating Income (NOI) of $125,912, resulting in an attractive 6.25% capitalization rate. Built in 2006, this well-established Taco Bell benefits from its strategic location just off U.S. Route 89, a primary thoroughfare in Northern Arizona. The property is situated in a growing trade area with nearly 9,500 residents within a 5-mile radius. The tenant recently executed a 10-year lease extension, demonstrating a long-term commitment to the location. This is a rare opportunity to acquire a stable, high-performing asset with a proven track record in a thriving market. The asking price is $2,015,000, translating to $810.54 per square foot. The property offers a compelling combination of strong tenant performance, a long-term lease, and a desirable location, making it an ideal addition to any investment portfolio. The tenant is a growing franchisee with 185+ locations under multiple brands.

Location Insight

City

Tuba City

County

Coconino

State

Arizona

Longitude

-111.239

Latitude

36.1297