The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Taco Bell portfolio located in Clarksdale and Greenwood Mississippi for $3,780,740.<\/p>\n
The Greenwood, MS Taco Bell is positioned along West Park Avenue (14,000 VPD), which feeds into US Highway 82 (25,000 VPD). There is a large variety of tenants positioned along Park Avenue. Those of which include Walmart, Tractor Supply Company, Save-A-Lot, Bath & Body Works, and Dollar General. QSR tenants include McDonald\u2019s, Burger King, Sonic, KFC, Captain D\u2019s, and Wendy\u2019s.<\/p>\n
The Clarksdale, MS Taco Bell is positioned along South State Street (22,000 VPD), a primary corridor that hosts Clarksdale\u2019s retailers. Big box tenants in the area include Walmart Supercenter and Kroger. Various QSR\u2019s and retailers include McDonald\u2019s, Dollar Tree, TrueValue, O\u2019Reilly Auto Parts, Burger King, Wendy\u2019s, and more. Within close proximity is Clarksdale High School and Coahoma County RV Park.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a private investment firm based in the northwest. The buyer was a high-net-worth individual based on the west coast<\/p>\n
\u201cSingle tenant restaurant properties with long term leases and rental escalations are the most sought-after net lease product\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman of The Boulder Group, added, \u201cE-commerce resistant food-based retailers continue to be in high demand amongst investors especially with drive-thrus.\u201d<\/p>\n