465 Shady StMountain City, TN 37683

  • Retail properties
  • 1.40 AC
For Sale
$1,983,290 View listing

Property Details for 465 Shady St

Year built
2023
Lot size
1.40 AC
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a newly constructed, fee-simple Taco Bell restaurant located at 465 S Shady St, Mountain City, Tennessee 37683. The property boasts a 1.4-acre lot and a single-story building constructed in 2023. The absolute triple net (NNN) lease with the franchisee guarantees zero landlord responsibilities, providing a passive income stream. The lease commenced on June 26, 2023, and has a remaining term of approximately 18.6 years, extending to June 26, 2043, with four 5-year renewal options. The current annual net operating income (NOI) is $109,081, yielding a 5.50% capitalization rate on the asking price of $1,983,290. Rent escalations of 10% are built into the lease every five years, providing built-in growth potential. The property enjoys excellent visibility and accessibility, situated in Johnson County, Tennessee, an income tax-free state. This is a rare opportunity to acquire a brand-new, high-performing Taco Bell with a long-term lease and significant upside potential. The franchisee has a proven track record with 153 units. The property is currently 100% occupied.

465 Shady St, Mountain City, Tennessee

Location Insight

City
Mountain City
County
Johnson
State
Tennessee
Latitude
36.4709
Longitude
-81.8071

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