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Taco Bell, Columbiana, AL

Taco Bell

Price $2,250,000
Cap Rate 4.85%
NOI $109,080
Lease Term 25 Years
Lease Type Absolute NNN, with Tenant Responsible for All Insurance, Taxes, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2019
Building Size 2,724 SF
Lot Size 1.97 Acres (85,953 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 #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 AND AFFLUENT LOCATION POISED FOR EXPLOSIVE GROWTH
» Located on West College Street, which experiences 10,563 VPD in front of the site
» Average household income of $87,227 within 15 miles of the location
» Projected 22 percent AHI increase within five miles of the site in the next five years, poising Columbiana for explosive growth
» 129,936 residents within a 15-mile radius, attracting traffic to the site

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» One mile from Magnolia Meadows Golf Course (18-hole, par 68 course)
» Gateway to Talladega National Forest, the largest National Forest in Alabama (393,000 acres) and Birmingham, the most populous city in Alabama (209,880 residents)
» Central location in Downtown Columbiana near several well-established local and national retailers including McDonald’s, Subway, Piggly Wiggly, O’Reilly Auto Parts, Little Caesars Pizza, Jack’s Hamburgers, and many more
» One half mile from the Shelby County Courthouse, the only County Courthouse within 25 miles servicing 213,605 County residents for over 100 years
» Within 1.2 miles of Shelby County High School (629 students), Elvin Hill Elementary School (496 students), and Columbiana Middle School (432 students)

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 has a prominent location along West College Street, which experiences 10,563 vehicles per day in front of the site. The property benefits from its location in a populous and growing area, with 129,936 residents living within a 15-mile radius of the site. The location also resides in an affluent area, with an average household income of $87,227 within 15 miles of the location. The property is primed to grow along with the surrounding area, with a projected 22 percent average annual household income increase within five miles of the location in the next five years.

Increased traffic is aided by the property’s central location in Downtown Columbiana near several well-established local and national retailers including McDonald’s, Subway, Piggly Wiggly, O’Reilly Auto Parts, Little Caesars Pizza, Jack’s Hamburgers, and many more. The property is one half mile from the Shelby County Courthouse, the only County Courthouse within 25 miles servicing 213,605 County residents for over 100 years. The site is within 1.2 miles of Shelby County High School (629 students), Elvin Hill Elementary School (496 students), and Columbiana Middle School (432 students), increasing lunch time traffic to the property. Visibility is increased by the site’s location one mile from Magnolia Meadows Golf Course (18-hole, par 68 course), and Columbiana’s status as a gateway to Talladega National Forest, the largest National Forest in Alabama (393,000 acres) and Birmingham, the most populous city in Alabama (209,880 residents).

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