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Views: 94 DOM: 119 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 24.8
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,032 30,717 59,007
2024 Total Population : 4,940 29,704 57,116
2024 Employed Civilian Pop : 2,626 15,392 29,616
2024 Total Businesses : 171 926 1,712
2024 Average Household Income : $ 98,099 $ 113,038 $ 112,930
2024 Total Consumer Spending : $ 147 M $ 1024 M $ 2051 M
2024 Median Age : 36 39 38
2024 Total Households : 1,696 10,379 20,823
2024 Pop Age 25+: Bachelor's Degree : 667 5,633 11,339
2024 Average Home Value : $ 313,929 $ 324,934 $ 326,718
*ESRI data is presented for informational purposes only

Listing Broker

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