For Sale
$2,015,000

1014 Main St Tuba City, AZ 86045

Arizona QSR, 6.25% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • 10-Year lease extension demonstrates tenant's strong commitment.
  • Tenant operates multiple successful franchise brands (Taco Bell, KFC, Sonic, Pizza Hut) with over 185 locations.
  • Established tenant, Taco Bell, has occupied this location for 18 years.
  • High-density trade area with approximately 9,500 residents within a 5-mile radius.
  • Excellent visibility and accessibility via US Route 89, a major thoroughfare in Northern Arizona.

Property Details for 1014 Main St

Property type
Retail properties, Restaurants
Square Feet
2,486 SF
Year Built
2006
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Tuba City
County
Coconino
State
Arizona
Latitude
36.1296832
Longitude
-111.2393934

FAQs

What type of property is this?
Retail property - Arizona QSR, 6.25% Cap Rate
Where is the retail property located?
The property is located at 1014 Main St Tuba City, AZ.
What is the asking price?
The asking price for this property is $2,015,000.
What are key features of this property?
This property features: 10-Year lease extension demonstrates tenant's strong commitment.; Tenant operates multiple successful franchise brands (Taco Bell, KFC, Sonic, Pizza Hut) with over 185 locations.; Established tenant, Taco Bell, has occupied this location for 18 years.
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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1014 Main St
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