CAP Rate: 7.25%
2019 Net Operating Income $64,255
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 with 5 years remaining on the initial lease term, 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.
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.