A private investor bought a 15-year-old, 2,828-square-foot Taco Bell, on 0.59 acres, at 2565 E. Tropicana Ave. in Las Vegas for $1.65 million, or $583 per square foot, from 2655 Tropicana Blvd LLC. Marcus & Millichap’s Evan Griffith represented the seller; Marcus & Millichap’s Chris Cunning represented the buyer. The deal had an 9.5% capitalization rate. The property is leased to Las-Cal Corp., a Taco Bell franchisee with 64 restaurants statewide.Taco Bell Sells for $1.65 Million
A private investor bought a 15-year-old, 2,828-square-foot Taco Bell, on 0.59 acres, at 2565 E. Tropicana Ave. in Las Vegas for $1.65 million, or $583 per square foot, from 2655 Tropicana Blvd LLC. Marcus & Millichap’s Evan Griffith represented the seller; Marcus & Millichap’s Chris Cunning represented the buyer. The deal had an 9.5% capitalization rate. The property is leased to Las-Cal Corp., a Taco Bell franchisee with 64 restaurants statewide.
