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

x

Taco Bell, Huntsville, AL

Taco Bell

AL, USA

Price $3,015,000
Cap Rate
NOI
Lease Term 24 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 2,581 SF
Lot Size .73 Acres (31,799 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
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
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

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
» Taco Bell has been located on the parcel since the early 90s, demonstrating long-term success in the location

HIGHLY POPULATED AND AFFLUENT LOCATION POISED FOR SIGNIFICANT GROWTH
» 121,260 residents within a five-mile radius, attracting traffic to the site
» Located on Whitesburg Drive, which experiences 13,580 vehicles per day in front of the site
» Immediate access to Governor’s Drive (33,120 AADT) and within two miles of Interstate 565 and U.S. Route 231 (combined 251,040 AADT), increasing commuter traffic to the location
» Average household income of $108,037 within one mile

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Across the street from Huntsville Hospital (941 beds, 6,341 employees)
» Near Redstone Arsenal Army Post, a census-designated place (CDP) that contains a government and contractor workforce that averages 36,000 to 40,000 personnel daily
» Gateway to several popular tourist attractions, including the Huntsville Botanical Garden, Burritt on the Mountain, and the U.S. Space and Rocket Center (850,000 annual visitors)
» Central location one mile from Downtown Huntsville, near several well-established local and national retailers, including Starbucks, Burger King, Walgreens, McDonald’s, and more
» Within one mile of Huntsville High School (1,940 students) and Huntsville Junior High School (535 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

SOLD

The property has a prominent location along Whitesburg Drive, which experiences 13,580 vehicles per day in front of the site. The site also maintains immediate access to Governor’s Drive (33,120 AADT) and is within two miles of Interstate 565 and U.S. Route 231 (combined 251,040 AADT), increasing commuter traffic to the location. The property benefits from its location in a populous and growing area, with 121,260 residents living within a five-mile radius of the site. The location also resides in an affluent area, with an average household income of $108,037 within one mile of the location. The property is primed to grow along with the surrounding area, with a projected 13 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 across the street from Huntsville Hospital (941 beds, 6,341 employees) and one mile from Downtown Huntsville, near several well-established local and national retailers, including Starbucks, Subway, Burger King, Walgreens, McDonald’s, and many more. The site is near Redstone Arsenal Army Post, a census-designated place (CDP) that contains a government and contractor workforce that averages 36,000 to 40,000 personnel daily. Visibility is increased by the site’s location near several popular tourist attractions, including Huntsville Botanical Garden, Burritt on the Mountain, and the U.S. Space and Rocket Center, which experiences an average of 850,000 annual visitors. The location is also within one mile of Huntsville High School (1,940 students) and Huntsville Junior High School (535 students).

Contact Us About This Property

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