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Friday, March 26, 2010

Triple Net Lease on Taco Bell


ATLANTA, Ga. - Commercial Real Estate agents from the Atlanta office of Marcus & Millichap have sold a Taco Bell. The Triple Net Lease - NNN- Taco Bell is located in Baxley, GA.

The Taco Bell, which is approximately 2,205 square feet, sold for $1,600,000.
The property was signed to a 20-year (NNN) Triple Net Lease with a multi - unit franchisee. This Taco Bell Triple Net Lease property sits as an out-parcel to a Wal-Mart Supercenter and is adjacent to several other national retailers such as Advance Auto and Aaron Rents. The buyer was a family trust out of California and purchased the property all-cash. The Taco Bell, net lease investment transaction closed on Monday, March 1, 2010.

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