MOULTRIE, Ga. – Moultrie’s Taco Bell has been sold.

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale Wednesday afternoon.

The Taco Bell restaurant is a 2,813-square-foot net-leased property at 496 N. Veterans Parkway. Marcus and Millichap said it sold for $2 million.

Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company, according to the brokerage firm’s press release. The buyer, an individual/personal trust, was procured by McAlister Cleary, senior investment associate in the firm’s Phoenix office, Ruble and Lind. John Leonard, Georgia broker of record, assisted in closing this transaction. The deal includes 15 years remaining on an absolute triple-net lease with franchisee guaranty, annual rental increases and multiple renewal options, the press release said.

Built in 2012, the restaurant has a shared ingress and egress with Subway and Waffle House. Visible to over 22,600 vehicles per day along Veterans Parkway, the property is within two miles, or seven minutes driving, to Downtown Moultrie.

Taco Bell is a 300-plus-unit franchisee with more than 30 years of experience in the Southeast and Texas.