Taco Bell QSR
Property Value
$880,000
Square Feet
2,400
Year Built
2020
Monthly NOI
$4,600
Occupancy
100%
Lease Type
NNN
Property Details
Property Name
Taco Bell QSR
Property Type
Commercial Retail
Year Built
2020
Lot Size
0.5 acres
Leasable Area
2,400 sq ft
Lease Type
NNN
Primary Tenant
Yum! Brands
Status
active
Location
City
Memphis
State
TN
Market
Memphis Metro
Submarket
Memphis CBD
Interactive map — Memphis, TN
Financial Summary
Property Value
$880,000
Monthly NOI
$4,600
Annual NOI
$55,200
Cap Rate
6.3%
Core Lease Terms
Lease Type
NNN
Lease Commencement
Jan 2019
Lease Expiration
Aug 2033
Lease Term
15 years
Remaining Term
8.4 years
Tenant
Yum! Brands
Financial Terms
Base Rent (Annual)
$63,480
Base Rent (Monthly)
$5,290
Rent per Sq Ft
$26.45
Security Deposit
$9,200
CAM Charges
$7.20/mo
Monthly NOI
$4,600
Renewal Options
Number of Options
3
Option Term
5 years each
Notice Period
180 days
Renewal Rate
Fair Market Value
Right of First Refusal
Yes
Rent Escalations
Escalation Type
Fixed Annual
Annual Increase
2.5%
CPI Cap
4.0%
CPI Floor
1.5%
Year 1-3
2.0%
Year 4-6
2.5%
Year 7-10
3.0%
Year 11+
CPI
Certificate of Insurance (COI)
General liability and property insurance coverage verified for Yum! Brands.
HVAC Certification
Annual HVAC inspection and maintenance certification. Due for renewal within 45 days.
Fire Safety Inspection
Fire alarm systems, sprinkler inspection, and emergency exit compliance verified.
ADA Compliance
Americans with Disabilities Act accessibility requirements met. Last audit completed.
Phase I Environmental
Phase I Environmental Site Assessment. No recognized environmental conditions identified.
Roof Warranty
20-year roof membrane warranty. Inspection required to maintain warranty validity.
Quarterly HVAC Filter Replacement
Scheduled
Replace all HVAC filters (MERV-13) across 4 rooftop units. Includes coil inspection and belt tension check.
Parking Lot Restriping
In Progress
Full parking lot restriping including ADA spaces, fire lanes, and directional arrows. Weather-dependent completion.
Emergency Roof Leak Repair
Completed
Repaired 12 sq ft section of TPO membrane near northwest corner drain. Applied additional sealant to adjacent seams.
Annual Fire Suppression Inspection
Completed
Annual fire sprinkler system inspection and testing. All zones passed. Replaced 2 corroded heads in back storage area.
Exterior LED Lighting Upgrade
Completed
Replaced 24 exterior HID fixtures with LED equivalents. Includes parking lot, building perimeter, and signage lighting.
Yum! Brands - Executed Lease Agreement.pdf
Certificate of Insurance - Yum! Brands.pdf
Rent Roll - Taco Bell QSR.xlsx
Property Appraisal Report - 2020.pdf
Property Photos - Exterior & Interior.zip
Phase I Environmental Site Assessment.pdf
HVAC Maintenance Contract.pdf