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Taco Bell, Dothan, AL

Taco Bell

Price $2,754,000
Cap Rate 5.05% Return
NOI $150,280
Lease Term 24 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 2018
Building Size 2,244 SF
Lot Size 0.48 acre (21,083 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

LONG-TERM ABSOLUTE NNN LEASE
» New 24-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 CORRIDOR
» Conveniently located on Ross Clark Circle, Dothan’s beltway, with excellent visibility and access to 35,010 vehicles per day directly in front of the property
» Ross Clark Circle intersects with West Main Street immediately north of the property; West Main Street, which has a traffic count of 38,190 vehicles per day, provides access to downtown Dothan
» Located in the dense retail corridor surrounding Wiregrass Commons Mall, Southeast Alabama’s only mall
» Outparcel to Office Depot and shares cross-access with a shopping center anchored by Burkes Outlet and HomeGoods
» Major retailers in the nearby area include Walgreens, Chick-fil-A, Dollar General, Planet Fitness, Home Depot, Walmart Supercenter, and Lowe’s, amongst many others

PRIME CENTRAL LOCATION
» Approximately two and a half miles from downtown Dothan
» Near Flowers Hospital, a 235-bed hospital that is one of Dothan’s largest employers, with 1,100 employees



Property Description

The property is conveniently located on Ross Clark Circle, Dothan’s beltway, with excellent visibility and access to 35,010 vehicles per day directly in front of the property. Ross Clark Circle intersects with West Main Street immediately north of the property; West Main Street, which has a traffic count of 38,190 vehicles per day, provides access to downtown Dothan. The property is located in the dense retail corridor surrounding Wiregrass Commons Mall, Southeast Alabama’s only mall. The property is outparcel to Office Depot and shares cross-access with a shopping center anchored by Burkes Outlet and HomeGoods. Other major retailers in the nearby area include Walgreens, Chickfil- A, Dollar General, Planet Fitness, Home Depot, Walmart Supercenter, and Lowe’s, amongst many others.

The property is centrally located approximately two and a half miles from downtown Dothan. Flowers Hospital is a short distance from the property. The 235-bed hospital is one of Dothan’s largest employers, with 1,100 employees. The property is also close to schools, like Heard Elementary School (407 students), and is near recreational areas, including Dothan Country Club and Westgate Recreation Center.

Contact Us About This Property

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