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Taco Bell, Montevallo, AL

Taco Bell

Montevallo, AL

Price $2,147,000
Cap Rate 5.00%
NOI $107,313
Lease Term 25 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 2017
Building Size 2,620 SF
Lot Size 0.58 Acres (25,200 SF)
Status Available
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

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

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

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 25-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 280 units
» Rare annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION IN DOWNTOWN MONTEVALLO
» Centrally located in downtown Montevallo in the middle of Montevallo’s primary retail area
» Just off of the signalized intersection of Main Street and North Boundary Street, with excellent visibility and access to 11,250 vehicles per day directly in front of the property
» Nearby access to Route 25, which experiences a traffic count of 12,260 vehicles per day

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Directly adjacent to the University of Montevallo, which has over 3,000 students, more than 500 employees, and a significant economic impact on the surrounding communities in Shelby County
» Located just two blocks from Napier Hall—a residence hall that is the home of most freshman men and houses three men’s Greek organizations—and is closer to Napier Hall than the university dining hall
» Taco Bell is open every day from 7 a.m. to midnight, much more convenient to students than the campus dining hall, which closes at 8 p.m. and doesn’t open until 10:30 a.m. on weekends
» Within walking distance of Montevallo’s elementary, middle, and high schools, which have a combined enrollment of over 1,425 students

NEW 2017 CONSTRUCTION
» 2017 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts

Click Here to Download Offering Memorandum


Property Description

The property is located just off of the signalized intersection of Main Street and North Boundary Street, with excellent visibility and access to 11,250 vehicles per day directly in front of the property. The propertyalso benefits from nearby access to Route 25, which experiences a traffic count of 12,260 vehicles per day. Centrally located in downtown Montevallo, the property is in the middle of Montevallo’s primary retail area and is surrounded by major national tenants, including Barnes & Noble, CVS, McDonald’s, Regions Bank, KFC, and more. Other notable retailers in the nearby area include Tractor Supply, AutoZone, Lucky’s Supermarket, Dollar General, and Fred’s.

The property is strategically located directly adjacent to the University of Montevallo, a nationally ranked liberal arts college. With slightly over 3,000 students and more than 500 employees, the university has a significant economic impact on the surrounding communities in Shelby County. Additionally, the property is just two blocks from Napier Hall—a residence hall that is the home of most freshman men and houses three men’s Greek organizations—and is closer to Napier Hall than the university dining hall, providing an excellent customer base for Taco Bell. The property’s customer base is further strengthened by the surrounding residential neighborhoods, as well as its proximity to Montevallo’s elementary, middle, and high schools, which have a combined enrollment of over 1,425 students.

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