504 Maxfield RdBig Stone Gap, VA 24219

Property Details for 504 Maxfield Rd

Year built

2024

Lot size

0.83 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Big Stone Gap

County

Wise

State

Virginia

Latitude

36.8625

Longitude

-82.7594

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