40354 Truck Route #667471
The offering provides the opportunity to acquire a ground lease for a Taco Bell double drive thru (“the Property”), located in Blaine, Washington. Taco Bell is operating on a 25-year ground lease with a grand opening in December 2022. Rent is scheduled to increase 10% every five years, including at the start of each five-year option period (of which there are six remaining), increasing yield by an estimated 207 basis points over the primary term. Taco Bell is situated on Grant Avenue located just off Pacific Highway that connects to Interstate 5, that carries more than 30,000 vehicles per day (the majority of which are crossing the border) with an average wait time of three to four hours during peak traffic periods. The Property is one of five new lots and will benefit from proximity to th
Listing Courtesy of: CPX LLC – Sean Mack (#23875)
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.