New Listing
Cap Rate
4.75%
Offering Price
$1,684,000
Year Built
2017
Building Size
2,043 SF
Price Per SF
$824/SF
Type
For Sale
Status
New Listing
Location
Lacey, WA

Investment Summary

This investment opportunity is a standalone Taco Bell with drive-thru, located at the Lacey Crossroads Shopping Center 1.5 hours south of Seattle. The asset is surrounded by national and regional tenants such as Starbucks, Mud Bay, Inspire Physical Therapy and Hop Jack’s. The center is shadow-anchored by a 160,000 square foot Lowe’s Home Improvement Store.

Investment Highlights

STRONG OPERATOR

The tenant is Northwest Restaurants, Inc. one of the largest franchisees in the Yum Brands family with over 150 restaurants. Further, there is a short-term guarantee by Taco Bell corporate.

PASSIVE INVESTMENT

Absolute NNN Ground lease with minimal landlord responsibilities.

LONG TERM LEASE

Over 18 years are left on the current lease term with another 20 years worth of options remaining.

DRIVE-THRU LOCATION

The property includes a drive-thru, significantly increasing traffic to the location.

Property Summary

Offering Price
$1,684,000
CAP Rate
4.75%
Year Built
2017
Building Size
2,043 SF
Price Per SF
$824/SF
Address
5520 Corporate Center Ln, Lacey, WA, 98503

Maps



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