TACO BELL | $1,728,155 | 5.15% CAP
The Deltondo Group and Marcus & Millichap is pleased to present for sale Taco Bell a fee simple single-tenant property located at 5239 John Tyler Highway, Williamsburg, Virginia 23185.
The subject property is comprised of 2,146 square feet and was built in 1994 and remodeled just last year. The building sits on a moderate 30,013 square foot lot with ample parking Located just off John Tyler Highway where Taco Bell is passed by 18,000+ Vehicles Per Day.
Taco Bell operates on an Absolute-Net Lease with 18-years remaining. The Lease holds 10% rental increases every five years, including the four, 5-Year Options to extend. Taco Bell is out-pad to Williamsburg Crossing a 135,000 square foot neighborhood center anchored by Food Lion Grocery. This prime retail location is minutes away from College of William & Mary which is home to 8,817 students and 2.5-miles from Colonial Williamsburg, a historical landmark, with 1.1 million visitors annually.
Operated by BurgerBusters, Inc. Headquartered in Virginia Beach, VA BurgerBusters Inc. is a privately held company that ranks as the 5th largest Taco Bell franchise operations in the United States with locations in five states: Virginia, North Carolina, Maryland, West Virginia and Pennsylvania.
BurgerBusters Inc. currently owns and operates 151 Taco Bell restaurants: including 134 free standing Taco Bell restaurants, 11 Taco Bell / Pizza Hut Express restaurants, 4 Taco Bell / KFC restaurants, and 2 Taco Bell / Long John Silver restaurants. The Company generates over $220,000,000 in annual sales and employs more than 4,200 employees. As compiled by Restaurant Finance Monitor, BurgerBusters Inc. is currently ranked number 49 of the top 200 franchisees in the United States.