November 4, 2022 – Greg Moore of Horvath & Tremblay has successfully completed the sale of a Taco Bell in Chattanooga, Tennessee. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,500,000.
Taco Bell is located at 4786 Highway 58 in Chattanooga, Tennessee. The stand-alone building consists of 2,916 square feet and sits on a 0.81-acre lot with a drive-thru. Taco Bell has been operating at this location for more than 20 years and in 2020 rebuilt the Property to their then current architectural prototype. Taco Bell has 23 years remaining on their Absolute NNN lease with five, five-year renewal options. The lease calls for attractive 1% annual rent increases throughout the base term and renewal options. The Property is extremely well located along at the signalized intersection of Oakwood Drive and Highway 58, the area’s primary commercial corridor. Taco Bell enjoys outstanding visibility, frontage, and access and is surrounded by national retailers and densely populated residential neighborhoods. The Property is within 4-miles of Chattanooga State Community College and is approximately 5.5-miles from the Chattanooga Airport and a massive, state of the art Volkswagen assembly plant.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.