For Sale
$3,037,000

504 Maxfield Rd Big Stone Gap, VA 24219

Virginia Taco Bell NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a brand-new, 2,500 square foot Taco Bell built in 2024, located at 504 Maxfield Rd, Big Stone Gap, VA 24219. The property sits on a 0.83-acre lot and boasts a 25-year absolute NNN lease commencing October 19, 2024, and expiring October 31, 2049, with 1% annual rent bumps. The lease is backed by Tacala Tennessee Corp, a highly successful operator of over 370 Taco Bell locations, providing a strong financial guarantee covering 93+ units. The property enjoys excellent visibility and accessibility, situated near Mountain Empire Community College (approximately 2,700 students), Union High School, Powell Valley Primary School, and Union Middle School (over 2,200 combined students), Lonesome Pine Hospital, and downtown Big Stone Gap. The current Net Operating Income (NOI) is $162,500, yielding a 5.35% cap rate at the asking price of $3,037,000. The lease includes six, 5-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term income potential and a strong tenant with an established track record. The property is 100% occupied and benefits from the brand recognition and consistent performance of a leading QSR franchise.

Highlights

  • 25-year base lease, a rare offering.
  • $4.6 million in guaranteed annual income.
  • 6.04% average capitalization rate (at list price).
  • New construction Taco Bell, featuring the latest prototype design.
  • Absolute NNN lease; no landlord responsibilities.
  • Strong financial guarantee from Tacala Tennessee Corp., operating 370+ Taco Bell locations.

Property Details for 504 Maxfield Rd

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Class
B
Year Built
2024
Buildings
1
Lot Size (sq. ft)
36,155 SF
Units
1

Location Insight

City
Big Stone Gap
County
Wise
State
Virginia
Latitude
36.862525
Longitude
-82.7594369

FAQs

What type of property is this?
Retail property - Virginia Taco Bell NNN Lease
Where is the retail property located?
The property is located at 504 Maxfield Rd Big Stone Gap, VA.
What is the asking price?
The asking price for this property is $3,037,000.
What are key features of this property?
This property features: 25-year base lease, a rare offering.; $4.6 million in guaranteed annual income.; 6.04% average capitalization rate (at list price).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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504 Maxfield Rd
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