x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Taco Bell, Florence, AL

Taco Bell

Price $2,104,000
Cap Rate 4.85%
NOI $102,000
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 2019
Building Size 2,724 SF
Lot Size 0.82 Acres (35,720 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

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
» Rare annual rental increases, providing an excellent hedge against inflation
» 2019 build-to-suit property with a dedicated drive-thru and a covered patio

HIGHLY POPULATED LOCATION NEAR DOWNTOWN FLORENCE
» Located on Cloverdale Road, which experiences 22,559 vehicles per day directly in front of the site, and connects the Tennessee River bank to the State of Tennessee
» Nearby access to Cox Creek Parkway, which experiences a traffic count of 23,240 vehicles per day
» 48,021 residents within a five-mile radius
» Within four miles of Downtown Florence

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Minutes from both the University of North Alabama (both its main campus and its east campus), which boasts over 7,650 students, 365 employees, and a $400M economic impact and North Alabama Medical Center (263 beds and 200+ employees)
» Taco Bell is open later than any on-campus dining options for students
» Walking distance of Walmart Supercenter and a dozen other national and local retailers, fueling lunch traffic to the site
» Minutes from Underwood Elementary School, Harlan Elementary School, and Florence High School (1,895 students combined)

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 and easily accessible off of Cloverdale Road, a major economic and retail corridor for Florence, which connects the University of Alabama campus and Tennessee River front to the State of Tennessee. The site has visibility to 22,559 vehicles per day. It is less than five miles away from the North Alabama Medical Center (263 beds and 200+ employees) and Downtown Florence, both of which increase traffic to the site. The property also benefits from being walking distance of Walmart Supercenter, CVS Pharmacy, Alfa Insurance, State Farm, First Metro Bank, O’Reilly’s Auto Parts, Allstate, SunTrust, and Advance Auto Parts, among local retailers, fueling lunch traffic to the property.

Increased traffic is also aided by the many surrounding schools and universities, such as University of North Alabama (7,650 students and 365+ employees), which is Alabama’s oldest state-certified University. The university is situated on 130 acres and surrounded by historic neighborhoods. A 2017 study revealed that the university has an impressive $400M economic impact. The site is also minutes from Underwood Elementary School, Harlan Elementary School, and Florence High School (1,895 students combined).

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link