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Taco Bell, Rogersville, AL

Taco Bell

Rogersville, AL 35652

Price $2,187,000
Cap Rate 4.85%
NOI $106,050
Lease Term 25 Years, 24 Years Remaining
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 0.80 Acres (34,848 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

24-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 outdoor seating

HIGHLY POPULATED LOCATION POISED FOR SIGNIFICANT GROWTH
» Located on U.S. Highway 72, which experiences 13,288 vehicles per day directly in front of the site, and connects Tennessee, Mississippi, and Alabama
» Projected 17 percent AHI increase within five miles of the site in the next five years, poising Rogersville for significant growth
» 50,270 residents within a 15-mile radius of the site
» Only Taco Bell location within 19 miles of the property, significantly expanding the restaurant’s service area

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Walking distance from Lauderdale County High School (1,170 students), greatly increasing lunch traffic to the site
» Two miles from the Tennessee River, a central component of one of the world’s greatest irrigation and hydropower systems and a major waterway of the Southeastern U.S.
» Convenient access to Joe Wheeler State Park, which features a waterfront lodge, restaurant and convention facilities, championship 18-hole golf course and clubhouse, full-service marina with permanent and overnight docking slips, modern and primitive camping, lakeside cottages, cabins, a group lodge, and Wheeler Lake (4 million annual visitors)
» Central location in primary Rogersville retail corridor, and surrounded by a strong mix of well-established national and local tenants including McDonald’s, Pizza Hut, Subway, Hardee’s, and many more

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 from U.S. Highway 72, the primary economic and retail corridor for Rogersville, which connects Tennessee, Mississippi, and Alabama. The location has visibility to 13,288 vehicles per day in front of the property. The site is located in a populous area, with 50,270 residents living within a 15-mile radius of the property, increasing traffic to the site. The property also benefits from being the only Taco Bell location within 19 miles of the site, significantly expanding the restaurant’s service area. The property is primed to grow along with the surrounding area, with a projected 17 percent average annual household income increase within five miles of the site in the next five years.

The site benefits from being within walking distance from Lauderdale County High School (1,170 students), greatly increasing lunch traffic to the site. The property is two miles from the Tennessee River, a central component of one of the world’s greatest irrigation and hydropower systems and a major waterway of the Southeastern U.S. The location also maintains convenient access to Joe Wheeler State Park, which features a waterfront lodge, restaurant and convention facilities, a championship 18-hole golf course and clubhouse, full-service marina with permanent and overnight docking slips, modern and primitive camping, lakeside cottages, cabins, a group lodge, and Wheeler Lake, which welcomes 4 million annual visitors. The site is centrally located in the primary Rogersville retail corridor and is surrounded by a strong mix of well-established national and local tenants, including McDonald’s, Pizza Hut, Subway, Hardee’s, and many more.

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