CAP Rate: 7.25%
2020 Net Operating Income: $64,898
Year Built: 1998
The subject offering is a Taco Bell restaurant, operated K-MAC, the third largest operator of Taco Bell and KFC quick-service restaurants. The property is subject to a NNN lease and four 5 year options to renew. Rent increases 1% annually, and adjusts to fair-market-value at each option. The lease calls for zero landlord obligations. Store sales have been steadily increasing over the last three years and the store reports a healthy rent to sales ratio of 8.6%.
Paris is a city in Logan County, Arkansas, and serves as the county seat for the northern district of Logan County; its southern district counterpart is Booneville. The population was 3,532 at the 2010 United States Census.