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Taco Bell, Eufaula, AL

Taco Bell

Price $2,040,000
Cap Rate 5.00%
NOI $102,000
Lease Term 24+ Years
Lease Type Absolute NNN Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2019
Building Size 2,794 SF
Lot Size 1.17 acres (50,965 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
Managing 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 #0171655

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» New 24+ year lease with six (6) five (5) year option periods
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
» 2019 build-to-suit property with a dedicated drive-thru and a covered patio

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located on U.S. Route 431/South Eufaula Avenue, Eufaula’s main north-south thoroughfare, with excellent access and visibility to 26,360 vehicles per day
» Across the street from the only Walmart Supercenter location within a one-hour drive
» Surrounded by a strong mix of local and national retailers including Hardee’s, Zaxby’s, Hampton Inn, Verizon Authorized Retailer, and many more
» Three miles from Downtown Eufaula, directing regional and commuter traffic to the site

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Neighbored by Wallace Community College Sparks Campus (3,958 students, 245 employees), greatly increasing lunch-time traffic to the property
» Four miles from Eufaula’s primary health care provider, Medical Center Barbour (74 beds, 240 employees)
» Convenient access to Walter F. George Lake (Lake Eufaula), a popular tourist attraction drawing nearly 4 million visitors annually
» Beneficial proximity to industrial regions that are home to some of the area’s largest employers including Johnson Outdoors (209 employees), Southern Plastics (150 employees), and M.C. Dixon Lumber Company (111 employees)

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Taco Bell serves more than 40 million customers each week in the U.S., with annual sales projected to reach $15 billion by 2022
» Voted Best Mexican Restaurant of 2018 in the Harris Poll 2018
» Owned by Yum! Brands, Inc. (over 48,000 restaurants in more than 145 countries and territories)



Property Description

The property is conveniently located on U.S. Route 431/South Eufaula Avenue, Eufaula’s main north-south thoroughfare, with excellent access and visibility to 26,360 vehicles per day. The location is surrounded by a strong mix of local and national retailers including Hardee’s, Zaxby’s, Hampton Inn, Verizon Authorized Retailer, and many more. Across from the property is the only Walmart Supercenter location within a one hour drive of the location. Visibility is also increased by the property’s location three miles from Downtown Eufaula, directing regional and commuter traffic directly to the site.

The site is also supported by an extremely strong customer base in the immediate area. The property is neighbored by Wallace Community College Sparks Campus (3,958 students, 245 employees), greatly increasing lunch-time traffic to the property. The location is also four miles from Eufaula’s primary health care provider, Medical Center Barbour (74 beds, 240 employees). The property enjoys convenient access to Walter F. George Lake, also known as Lake Eufaula, which is a popular tourist attraction, drawing nearly 4 million visitors annually. The property is also close to industrial regions that are home to some of the area’s largest employers, such as Johnson Outdoors (209 employees), Southern Plastics (150 employees), and M.C. Dixon Lumber Company (111 employees).

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