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Taco Bell, Jackson , AL

Taco Bell

Jackson, Alabama

Price $2,497,000
Cap Rate 4.50%
NOI $112,363
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 2021
Building Size 2,700 SF
Lot Size 0.99 Acres (43,124 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
» Six (6) extension options of five (5) years each
» Rare annual rental increases, providing an excellent hedge against inflation
» 2021 build-to-suit property with a dedicated drive-thru and covered outdoor seating

HIGH-VISIBILITY LOCATION POISED FOR SIGNIFICANT GROWTH
» High-visibility location at the signalized, hard-corner of U.S. Route 43/North College Avenue and Stanley Drive (18,059+ vehicles per day)
» Less than one mile from the only Walmart Supercenter location within 30 miles of the site, greatly promoting crossover shopping to the property
» Surrounded by a strong mix of local and national retailers, including Walgreens, McDonald’s, Burger King, Pizza Hut, Dairy Queen, Hardee’s, Subway, and many more
» Walking distance from Jackson High School (594 students), greatly increasing lunch-time traffic and business to the site
» Located within one mile of five hotels and motels
» Average household income of $66,332 within one mile of the property and projected to increase 14 percent by 2026, poising Taco Bell and Jackson for concurrent growth

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 and Taco Bell Kiosks won 2019 Best Restaurant ICX in 2019 Elevate Awards
» 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 at the signalized, hard-corner of U.S. Route 43/North College Avenue and Stanley Drive (18,059+ vehicles per day). The site also maintains easy access to State Route 69, a major north-south Jackson thoroughfare (11,510 vehicles per day), increasing commuter traffic to the location. The property benefits from its location less than one mile from the only Walmart Supercenter location within 30 miles of the site, greatly promoting crossover shopping to the property. The location also resides in a dense retail corridor, as is surrounded by a strong mix of local and national retailers, including Walgreens, McDonald’s, Burger King, Pizza Hut, Dairy Queen, Hardee’s, Subway, and many more. The site is walking distance from Jackson High School (594 students) and within one mile of five hotels and motels, increasing foot traffic to the site. With a projected average annual household income increase of 13 percent within five miles of the site in the next five years, Taco Bell and Jackson are poised for significant concurrent growth.

Contact Us About This Property

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