1125 Us-70Garner, NC 27529

Property Details for 1125 Us-70

Year built

1997

Lot size

0.83 AC

Property size (Sq ft)

3,206 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 3,206 square foot Taco Bell restaurant located at 1125 US-70 in Garner, North Carolina (27529). The property, built in 1997 and renovated in 2015, sits on a 0.83-acre lot and benefits from its strategic outparcel location adjacent to a Target and Home Depot, ensuring high visibility and traffic. The absolute NNN lease with Taco Bell, a highly reputable brand, commenced March 19, 2019, and has a remaining term of approximately 16.4 years, expiring March 30, 2039. The lease includes two five-year renewal options and features a 10% rent increase every five years, providing significant long-term growth potential. The current annual net operating income (NOI) is $105,537, representing a 4.25% cap rate on the asking price of $2,483,223 ($774.55 per square foot). The property boasts 100% occupancy and is a one-story building. This investment offers a compelling combination of a strong tenant, a prime location, and a secure, long-term lease, making it an ideal addition to any portfolio. The property operates as an 185-unit operator.

Location Insight

City

Garner

County

Wake

State

North Carolina

Latitude

35.7163

Longitude

-78.6347

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