October 1, 2019 – Robert Horvath & Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Taco Bell in Clarion, Pennsylvania. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,700,000 which represents a cap rate of 5.48%.
The Taco Bell is located at 83 Perkins Road in Clarion. Constructed in 2017, the stand-alone building consists of 2,310 square feet and sits on 1.02 acres of land. Taco Bell has 15+ years remaining on a 20 Year NNN Lease with one 5-Year Lease and another 54 month option thereafter. The lease benefits from annual 1.5% increases throughout the base term and option periods. The Taco Bell is well located as an outparcel that sits at the entrance to the area’s Walmart Supercenter, just off of Interstate 80. Additionally, the immediate area is serviced by several hotels and the regions hospital.
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.