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Taco Bell, Dothan, AL

Taco Bell

Price $2,754,000
Cap Rate 5.05%
NOI $139,060
Lease Term 16 Years
Lease Type Absolute NNN, with Tenant Responsible for all Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built Major Remodel In February 2017
Building Size 1,784 SF
Lot Size 1.04 Acre (45,159 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

CLONG-TERM ABSOLUTE NNN LEASE
» New 16-year NNN lease with absolutely no landlord management, providing an ideal investment for an out-of-area investor
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Rare annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CLUSTER
» Conveniently located on Ross Clark Circle, Dothan’s beltway, with excellent visibility and access to 29,100 vehicles per day directly in front of the property
» Ross Clark Circle intersects with East Main Street immediately south of the property; East Main Street, which has a traffic count of 24,040 vehicles per day, provides access to downtown Dothan
» Major retailers in the nearby area include Walgreens, Chick-fil-A, Dollar General, AutoZone, CVS, Winn-Dixie, and Shell, amongst many others

CENTRAL LOCATION ACROSS FROM 327-BED HOSPITAL
» Directly across from the 327-bed Southeast Health Medical Center, Dothan’s largest employer, with 2,322 employees
» Close to industrial areas and other large employers like Wayne Farms (1,000 employees)
» As a result of being near a number of major employers, the population around the property increases during business hours, with 10,369 daytime employees working within a one-mile radius and 29,044 daytime employees within a three-mile radius
» Approximately two miles from downtown Dothan



Property Description

The property is conveniently located on Ross Clark Circle, Dothan’s beltway, with excellent visibility and access to 29,100 vehicles per day directly in front of the property. Ross Clark Circle intersects with East Main Street immediately south of the property; East Main Street, which has a traffic count of 24,040 vehicles per day, provides access to downtown Dothan. The property is located in a strong retail cluster. Major retailers in the nearby area include Walgreens, Chick-fil-A, Dollar General, AutoZone, CVS, Winn-Dixie, and Shell, amongst many others.

The property is directly across from Southeast Health Medical Center. The 327-bed hospital is Dothan’s largest employer, with 2,322 employees. The property is also close to industrial areas and other large employers like Wayne Farms (1,000 employees). As a result of being near a number of major employers, the population around the property increases during business hours, with 10,369 daytime employees working within a one-mile radius and 29,044 daytime employees within a three-mile radius.

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