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Taco Bell, Russellville, AL

Taco Bell

Russellville, AL

Price $2,435,000
Cap Rate 4.75%
NOI $115,625
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 2020
Building Size 2,815 SF
Lot Size 1.00 Acres (43,560 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

25-YEAR ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» 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
» Relocation store – proven market for Taco Bell
» Rare annual rental increases, providing an excellent hedge against inflation
» 2020 build-to-suit property with a dedicated dual drive-thru and covered outdoor seating

GROWING LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» High-visibility location along U.S. Route 43, a major north-south Alabama thoroughfare traversing the entirety of Russellville (17,658 vehicles per day)
» Immediate access to State Route 24, a major east-west Alabama thoroughfare (8,570 vehicles per day)
» Outparcel to the only Walmart Supercenter location within 20 miles of the site, greatly promoting crossover shopping to the property
» Surrounded by a strong mix of local and national retailers, including Tractor Supply Company, Foodland, Wendy’s, Bojangles’, O’Reilly Auto Parts, and many more
» 1.5 miles from Russellville Hospital, one of the largest employers in the Russellville trade area (100 beds, 700 employees)
» Close proximity to Russellville’s highest attended schools, including Russellville Elementary School, West Elementary School, and Russellville Middle School (combined 2,102 students)
» Projected average annual household income increase of nine percent within three miles of the site in the next five years, poising Taco Bell and Russellville for concurrent growth

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Taco Bell serves more than 40 million customers each week in the United States, 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 has a high-visibility location along U.S. Route 43, a major north-south Alabama thoroughfare traversing the entirety of Russellville (17,658 vehicles per day). The site also maintains immediate access to State Route 24, a major east-west Alabama thoroughfare (8,570 vehicles per day), increasing commuter traffic to the location. The property benefits from being an outparcel to the only Walmart Supercenter location within 20 miles, greatly promoting crossover shopping to the property. The location also resides in the area’s main retail corridor, and is surrounded by a strong mix of local and national retailers, including Tractor Supply Company, Foodland, Wendy’s, Bojangles’, O’Reilly Auto Parts, and many more. The site is 1.5 miles from Russellville Hospital, one of the largest employers in the Russellville trade area (100 beds, 700 employees), and maintains a beneficial proximity to Russellville’s highest attended schools, including Russellville Elementary School, West Elementary School, and Russellville Middle School (combined 2,102 students).

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