Breaking News!!: Needles, CA: Taco Bell for sale and “will not be renewing lease.”
ZachNews has learned the Taco Bell, located at 2603 Columbus Street in Needles, California, is for sale and “will not be renewing lease.”
According to the website Loopnet, “Tenant will be vacating March 2016 and will not renew lease in December 31, 2016. Subject property consist of two parcels, Taco Bell on 0.73 acre and 1.44 acre land parcel. Taco Bell approx. 2,500 square foot, built in 1994 on a 20 year lease. Taco Bell renewed for 2 years extending lease until 12-31-2016. Taco Bell pays $4,584 per month NNN lease. Taco Bell will not be renewing lease. Taco Bell is available with or without additional 1.44 acres. Land development opportunity, available for hotel, gas, food or retail use. Subject offering is approximately 1.44 acres zoned General Commercial directly off of I-40 & River Road, Next to Taco Bell and Carl’s Jr. Site offers off ramp location, extreme visibility to I-40 which has traffic count in excess of 14,400 VPD. Site is located approximately 1 mile from Colorado River with boat launch, has excellent Interstate 40 access.
Property fronts heavily traveled River Road the main Hwy connecting Needles to Laughlin and Bullhead City. Needles is located 22 miles from Laughlin/Bullhead City, 55 miles from Kingman and 93 miles from Las Vegas.”
** Source: Loopnet: **
ZachNews contacted Taco Bell about the sale and not renewing their lease, and they couldn’t comment on the matter.