Quick Service Brands Inc
890 Highway 99, Nashville, TN 37203
Renewal Notice Deadline
2027-05-01
Royalty
6%
Initial Term
10 years
Expires 2032-04-30Franchise Parties
Franchisee
Quick Service Brands Inc
Franchisor
Highway Commercial LLC
Brand
Taco Bell
Premises
890 Highway 99, Nashville, TN 37203
Term & Renewal
Commencement Date
2022-05-01
Expiration Date
2032-04-30
Initial Term
10 years
Renewal Notice Deadline
2027-05-01
Notice Period Required
90 days prior
Renewal Options
3 options of 5 years each
Royalties & Fees
Royalty Rate
6% of gross sales
Minimum Annual Royalty
$11,000
Advertising & Marketing Fund
Ad Fund Contribution
4.5% of gross sales
Local Ad Requirement
2% of gross sales
Territory Rights
Description
Exclusive 1.5-mile radius. No drive-thru or quick-service restaurant within territory.
Exclusive Radius
1.5 miles
Boundaries
Exclusive zone defined as all properties within 1.5 miles of premises along Highway 99 corridor.
Premises Rent
Lease Type
Net
Base Rent
$20.00 / SF
Square Footage
1,400 SF
Year 1-5
$20.00 / SF
Year 6-10
$22.00 / SF
Metadata
Record ID
lease-005
Uploaded
April 15, 2022
Processed
April 15, 2022