September 20, 2017 – Brian Ahrens, Bob Horvath, Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Taco Bell in Greenville, South Carolina. Horvath & Tremblay procured the 1031 buyer to close the property at a sale price of $2,710,000, a 5.35% cap rate.
Taco Bell, located along Pelham Road, fully occupies a newly constructed building and operates under a new 20-year triple net lease with zero landlord responsibilities. Pelham Road is one of Greenville’s sought after retail corridors and boasts traffic counts in excess of 23,000 vehicles per day. The property is located adjacent to BI-LO, Ruby Tuesdays, and Advance Auto Parts. Additional national tenants in the area include: Hardee’s, CVS, Starbucks, Walmart, Five Guys, Walgreens, Moe’s Southwest Grill, Chick-fil-A and Earth Fare. This Taco Bell location is operated by Mid-South Bells, one of the largest Taco Bell Franchise Groups in the US operating 47 Taco Bell restaurants.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.