Bought with Windermere Real Estate Whatcom
$1,750,000
$1,945,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/22/2024
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Lynden
MLS Listing ID 2228940
Sold Date 11/22/24
Style 60 - Comm Bldg Und 10K
Property Description
Brand-New Construction Taco Bell. 25-year Ground Lease with six five-year Options. 10% rent increases every 5 years provide a hedge against inflation. No landlord management making this an ideal opportunity for a local or out-of-area investor. Located in WA, an income tax free state. Leased to Pacific Bells, a successful franchisee of the Taco Bell Corporation, operating more than 271 restaurants in 9 states. Site features a dedicated future expansion option for a double drive-thru for added service volume with population growth. Excellent Access/Visibility – located along the frontage of State Route 539, (Guide Meridian) a highly trafficked north-south retail corridor with approx. 20,000+ vehicles per day.
Location
State WA
County Whatcom
Area 885 - Lynden
Interior
Fireplace false
Building
Sewer Sewer Connected
Others
Senior Community No
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