March 11, 2021 – Matt Nadler and Luke Thomson of Horvath & Tremblay has successfully completed the sale of a new construction Taco Bell in Gallatin, Tennessee. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,700,000, a 5.12% Cap Rate.
Taco Bell is located at 2057 Nashville Pike in Gallatin, Tennessee. The newly built restaurant consists of a 2,100 square foot building with a dedicated drive through lane on a 0.99-acre parcel. Taco Bell has a brand-new 25-year ground lease (Absolute NNN) with four, five-year extensions and rent increases of 8% every five years throughout both the base term and extension periods. The Property is extremely well located along Nashville Pike (US Route 31E) and enjoys outstanding visibility, frontage, and access. Additionally, Taco Bell is located adjacent to a Kroger Marketplace anchored retail center, the primary grocery store serving the area, and drawing significant traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.