March 12, 2021 – Matt Nadler and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Taco Bell in Meridian, Mississippi. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $430,000.
Taco Bell is located at 2106 North Hills Street in Meridian, Mississippi. Taco Bell enjoys a long history at this site, they have operated here for more than 21 years and they have 2 years remaining on their long-term double-net lease. The stand-alone building consists of 1,877 square feet and sits on a 0.45-acre lot, and benefits from a drive-thru. The lease calls for 2% annual rent increases, and also offers percentage rent, which they have paid consistently for the past four years. The property is well located along North Hills Street, the primary retail corridor in Meridian, with excellent visibility, signage and access, and is adjacent to a high performing McDonald’s. Additionally, the location enjoys close proximity to two area military facilities, Naval Air Station Meridian and Key Field, which together employ more than 4,000 area residents.
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.