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Views: 64 DOM: 45 Updated: 09.05.24 Posted: 07.25.24 Status: Active

Summary

Price $2,840,000
Built/Renov 2024
Tenant Taco Bell
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,500
Lease Start 07-11-2024
#Units 120
Price/SF $1,136.00
Expiration 07-31-2049
Tenant Type Fast Food/QSR
NOI $146,250
R. Term 24.11
Ownership Fee Simple
Rent/SF $58.50
Increases 1.0%/1/yrs
Pop 5Mi 56,488
Lot/AC 1.52
Options 6/5yrs/1%
AHHI 5Mi $103,586

Lease Highlights

  • Brand-new 2024 construction
  • New 25 year lease with 6 (5-year) options to extend
  • The lease features 1% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator with 370+ Taco Bell locations across the Southeast and Texas

Location Description

Taco Bell is strategically located on Montevallo Road/Highway 119, with access to a robust daily traffic count of 47,430 vehicles. The property is an outparcel to Walmart Neighborhood Market and is adjacent to a forthcoming 7 Brew Coffee, as well as White Stone Center, a Publix-anchored shopping center. The surrounding area boasts well-known national tenants including Publix, Dollar Tree,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Taco Bell is an American-based chain of fast food restaurants originating in Irvine, California in 1962, by founder Glen Bell. Taco Bell is the leading Mexican-inspired, quick-service restaurant...


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Listing Broker

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