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Taco Bell, Wetumpka, AL

Taco Bell

Price $2,864,000
Cap Rate 5.25%
NOI $150,328
Lease Term 14 Years Remaining
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 2014
Building Size 1,619 SF
Lot Size 0.59 Acre (25,700 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
» 14-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
» Located at the entrance of Wind Creek Casino and Hotel, the largest casino in Alabama and one of the largest employers in Elmore County, featuring 283 luxury AAA four-diamond award-winning hotel rooms, over 2,500 casino games, an oasis pool and bar, a 24-hour fitness center, and an entertainment center

HIGH-TRAFFIC LOCATION ON MAIN RETAIL CORRIDOR
» Excellent visibility and access to 43,120 vehicles per day directly in front of the property on U.S. Highway 231
» 1.5 miles from a Walmart Supercenter-anchored center
» Minutes from additional well-known retailers and restaurants including Lowe’s, McDonald’s, Domino’s Pizza, Little Caesars, Wells Fargo, Burger King, Subway, Zaxby’s, KFC, and more

CENTRAL LOCATION NEAR COMMUNITY ATTRACTIONS
» Minutes away from Wetumpka High School (1,100+ students), Wetumpka Elementary School (900+ students), Wetumpka Intermediate School (900+ students), and Redland Elementary School (900+ students)
» Located at the confluence of U.S. Highway 231, Alabama State Route 14, Alabama State Route 9, Alabama State Route 170, and Alabama State Route 53
» Within a five-mile radius of multiple community hubs and recreational attractions including the Wetumpka Recreation Center, Gold Star Park, and Coosa River outdoor activities



Property Description

The property is conveniently located and easily accessible from U.S. Highway 231, and serves as the major economic and retail corridor in all of Wetumpka, with excellent visibility and access to 43,120 vehicles per day directly in front of the property. The property is located at the entrance of Wind Creek Casino and Hotel – Wetumpka, which is Alabama’s largest casino and features 283 luxury AAA four-diamond rated hotel rooms, 2,500+ casino games, an oasis pool and bar, a 24-hour fitness center, an entertainment center, and more. The site also benefits from being located less than two miles from a Walmart Supercenter, the property is ideally situated between multiple surrounding national retailers, including Lowe’s Home Improvement and Hibbett Sports. Other national retailers and brands near the site include McDonald’s, Domino’s Pizza, CVS Pharmacy, Waffle House, Hampton Inn, KFC, Dunkin’ Donuts, Pizza Hut, Quality Inn & Suites, Burger King, Little Caesars Pizza, Zaxby’s, and Dairy Queen. The property is centrally located within minutes of multiple community hubs and recreational attractions such as Wetumpka Recreation Center, Gold Star Park, Wetumpka Civic Center, Fitzpatrick Lake, and Coosa Outdoor Center.

The property also receives a significant amount of visitorship from surrounding schools and educational institutions such as Wetumpka High School (1,100+ students), Wetumpka Elementary School (900+ students), Wetumpka Intermediate School (900+ students), and Redland Elementary School (900+ students). The location conveniently resides less than three miles from Elmore Community Hospital (33 beds), which generates over $45 million of patient revenue annually. Additionally, the property is located at the confluence of five major and high-trafficked Wetumpka and Elmore County roadways (U.S. Highway 231, Alabama State Route 14, Alabama State Route 9, Alabama State Route 170, and Alabama State Route 53), and greatly benefits from its central location.

Contact Us About This Property

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