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Taco Bell 200 E Prater Way

2,677 SF Retail Building Sparks, NV 89431 £3,468,365 (£1,296/SF) 5.09% Net Initial Yield

Investment Highlights

  • Rebuilt in 2015, Established Taco Bell since 1993
  • True NNN lease, Tenant pays Property Taxes

Executive Summary

Prime absolute NNN investment opportunity. 25+ year established Taco Bell location. Lease terminates 2039 with five 5 year extension options. $14,023.83 Base rent or 9% whichever is greater. Annual rent increases 1% or CPI whichever is greater. Established multi unit tenant. Scraped and rebuilt in 2015
Cap rate based on projected 2023
2024 sales
LOI’s required with proof of funds. No OM will be provided Separately.
Tenant has 10 day FROR
Owner will consider $1,000,000.00 carry back at 7% with a 30 year amortization balloon due in 5 years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,677 SF
Building Class
B
Year Built
2015
Price
£3,468,365
Price Per SF
£1,296
Net Initial Yield
5.09%
NOI
£176,634
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.62 AC
Zoning
TOD - Transit Oriented Development
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100 ft on East Prater Way
1 of 1
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

FoodMaxx
Roberto's Taco Shop
Starbucks
Nevada State Bank
Sizzler
Rent-A-Center
Planet Fitness
Bank of America
Fuddruckers
Black Bear Diner

PROPERTY TAXES

Parcel Number 033-141-46 Improvements Assessment £225,121
Land Assessment £104,748 Total Assessment £329,869

PROPERTY TAXES

Parcel Number
033-141-46
Land Assessment
£104,748
Improvements Assessment
£225,121
Total Assessment
£329,869
  • Richard Ahart
    Richard Ahart
  • Ahart 1995 Family Trust
(831) 760-7136

  • Listing ID: 25282588

  • Date on Market: 09/02/2024

  • Last Updated:

  • Address: 200 E Prater Way, Sparks, NV 89431

The Retail Property at 200 E Prater Way, Sparks, NV 89431 is currently available For Sale. Contact Ahart 1995 Family Trust for more information.

Nearby Listings

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200 E Prater Way, Sparks, NV for sale Building Photo- Image 1 of 5
Front elevation
200 E Prater Way, Sparks, NV for sale Building Photo- Image 2 of 5
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200 E Prater Way, Sparks, NV for sale Building Photo- Image 3 of 5
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200 E Prater Way, Sparks, NV for sale Building Photo- Image 4 of 5
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© 2024 CoStar Group

Taco Bell | 200 E Prater Way
(831) 760-7136 x

Taco Bell | 200 E Prater Way

Richard Ahart

(831) 760-7136

(831) 760-7136

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