- Listing #:
- 2228940
- Price:
- $2,125,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- Year Built:
- 2000
- Comm/Assn:
- Lynden
- City:
- Lynden
- County:
- Whatcom
- State:
- WA
- Zip:
- 98264
- Right of 1st Refusal:
- No
QR Code
Description
Brand-New Construction Taco Bell. 25-year Ground Lease with six five-year Options. 10% rent increases every 5 years provide a hedge against inflation. No landlord management making this an ideal opportunity for a local or out-of-area investor. Located in WA, an income tax free state. Leased to Pacific Bells, a successful franchisee of the Taco Bell Corporation, operating more than 271 restaurants in 9 states. Site features a dedicated future expansion option for a double drive-thru for added service volume with population growth. Excellent Access/Visibility – located along the frontage of State Route 539, (Guide Meridian) a highly trafficked north-south retail corridor with approx. 20,000+ vehicles per day.
Property Features
- Cap Rate:
- - 4
- Gross Scheduled Income:
- - $85,000.00
- Net Operating Income:
- - $85,000.00
- Style Code:
- - 60 - Comm Bldg Und 10K
- Zoning Class:
- - Commercial
- - Retail
- Zoning Jurisdiction:
- - City
- Parcel Number:
- - 400224540093
- Possible Use:
- - Commercial
- - Retail
- :
- - Sewer Connected
- Structure Type:
- - Unspecified