Taco Bell 15895 Highland Dr 2,240 SF 4-Star Retail Building McKenzie, TN 38201 $2,094,974 CAD ($935.26 CAD/SF) 5% Cap Rate

Horvath & Tremblay is pleased to present the exclusive sale of a new construction ground leased Taco Bell located at 15895 Highland Drive in McKenzie, Tennessee (the “Property”). The Property is improved by a 2,240 square foot building on a 0.78-acre parcel of land with a drive through. Taco Bell executed a 25-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for attractive 10% increases every five years throughout the primary lease term and at the start of each renewal option. Taco Bell is currently under construction with an anticipated rent commencement date of September 1, 2025. The new construction Taco Bell is situated along Highland Drive (US Route 79), the area’s primary commercial and commuter corridor and is seconds from the signalized intersection with Cedar Street. The Property benefits from outstanding visibility and frontage and has two (2) points of access. The Property is positioned in the center of McKenzie and is surrounded by national and local retailers and area schools (including McKenzie High School, Bethel University, and Tennessee College of Applied Technology) that drive traffic to the area. McKenzie is located in northwestern Tennessee and is just 40 miles northeast of Jackson, Tennessee and 95 miles west of Nashville, Tennessee.