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TACO BELL, Montgomery, AL (West South Blvd)

TACO BELL

Price $2,355,000
Cap Rate 5.50%
NOI $129,482
Lease Term 17 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 2015
Building Size 1,873 SF
Lot Size 0.72 Acre (31,363 SF)
Status Avaialble
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
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
» 17-year absolute NNN lease with 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 A DENSE RETAIL CORRIDOR
» Excellent visibility and access to 43,050 vehicles per day directly in front of the property on West South Boulevard
» Less than one mile away from Interstate 65, Montgomery’s main north-south thoroughfare traveled by 70,000+ motorists per day
» Near several national restaurant chains such as McDonalds, Burger King, Arby’s, Wendy’s, and more
» Within walking distance of four hotels
» Minutes away from Baptist Medical Center East (176 beds), which was named one of the nation’s 100 Top Hospitals by Thomson Reuters and generated $530,687,823 in total patient revenue in 2018

CENTRAL LOCATION NEAR COMMUNITY ATTRACTIONS
» Located near several community hubs and attractions, including Montgomery Country Club, Oak Park, The National Memorial for Peace and Justice, and the Boys and Girls Club of Montgomery
» Walking distance from Gateway Golf Course—a 9-hole, par 72 course and driving range
» Minutes away from Alabama State University (5,400+ students), Jefferson Davis High School (1,800+ students), Carver Senior High School (1,200+ students), Bellingrath Junior High School (500+ students), and Fitzpatrick Elementary School (500+ students)
» Just off Interstate 65’s West South Boulevard freeway entry and exit that leads to and from Downtown Montgomery
» Located between Montgomery Regional Airport (338,920 passengers in 2018) and Downtown Montgomery



Property Description

The property is conveniently located and easily accessible from West South Boulevard, a heavily trafficked roadway that provides a major economic and retail corridor for Montgomery, with excellent visibility and access to 43,050 vehicles per day directly in front of the location. The site benefits from its proximity to Interstate 65; 70,000+ additional motorists have view of the property daily. Visibility and traffic is buoyed by an array of surrounding national restaurant chains, including McDonald’s, Burger King, Arby’s, Waffle House, Hardee’s, Wendy’s, Dairy Queen, and Subway, all located within a five-mile radius of the property. Due to its major transit hub locale, the property is within waking distance of four different hotels. The location is also minutes away from Baptist Medical Center East (176 beds), which was named one of the nation’s 100 Top Hospitals by Thomson Reuters and generated $530,687,823 in total patient revenue in 2018.

The property benefits from the immediate adjacency of surrounding schools and educational institutions such as Alabama State University (5,400+ students), Jefferson Davis High School (1,800+ students), Carver Senior High School (1,200+ students), Bellingrath Junior High School (500+ students), and Fitzpatrick Elementary School (500+ students). The property is the only one of its kind with easy access to multiple community centers and attractions, including Gateway Golf Course, Montgomery Country Club, the Boys and Girls Club of Montgomery, Oak Park, and the National Memorial for Peace and Justice. Additionally, the property is located at the confluence of five major Montgomery roadways (U.S. Highway 231, U.S. Highway 31, U.S. Highway 80, U.S. Highway 331, and Interstate 65) and also resides five miles away from Montgomery Regional Airport, which serviced 338,920 passengers in 2018.

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