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Taco Bell, Selma, AL

Taco Bell

Price $2,432,000
Cap Rate 5.75%
NOI $139,835
Lease Term 17 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 2011
Building Size 2,772 SF
Lot Size 0.35 Acres (15,
Status Under Contract
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

LONG-TERM ABSOLUTE NNN LEASE
» 17-year absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Rare annual rental increases, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 28,480 vehicles per day directly in front of the property on West Highland Avenue
» Major retailers in the nearby area include Walmart Supercenter, Walgreens, Burger King, CVS Pharmacy, Sonic, Shell, Burger King, Zaxby’s, McDonald’s, among many others
» Less than two miles from Selma Mall, which features 46 different retailers including Belk, Hibbett Sports, Citi Trends and others

CENTRAL COMMUNITY LOCATION NEAR MEDICAL CENTER, INDUSTRIAL REGION, AND SCHOOLS
» Minutes from Vaughan Regional Medical Center, which has 175 beds and 535 employees
» Within two miles of Edgewood Elementary School (326 students), Selma High School (850+ students), George Corley Wallace State Community College (1,300+ students), Concordia College (400+ students), and Selma University (300+ students)
» Close to the area’s main industrial regional, featuring American Apparel (234 employees), International Paper (768 employees), Bush Hog (332 employees), and more
» Within a five-mile radius of multiple community hubs, such as Selma Country Club and YMCA of Selma-Dallas County



Property Description

The property is conveniently located on West Highland Avenue, a major economic and retail corridor in Selma, with excellent visibility and access to 28,480 vehicles per day directly in front of the property. It is located less than two miles from a Walmart Supercenter-anchored center and Selma Mall, an establishment that features 46 different retailers including Belk, Hibbett Sports, and Citi Trends. Other national retailers near the site are CVS Pharmacy, McDonald’s, Walgreens, AT&T Authorized Retailer, Sally Beauty Supply, Wendy’s, Popeyes, Advanced Auto Parts, and many more. The property is also located within a five-mile radius of seven different hotel/motel establishments, including Comfort Inn, Quality Inn, Luxury Inn & Suites, Budget Inn, Graystone Motel, Selma Hotel, and Americas Best Value Inn. The property is conveniently located within a five-mile radius of multiple community hubs, such as Selma Country Club, YMCA of Selma-Dallas County.

The property is also located minutes from Vaughan Regional Medical Center, which has 175 beds and 535 employees. The property also benefits from its proximity to schools and colleges including George Corley Wallace State Community College, which has a current enrollment of 1,300+ students. It is walking distance from Edgewood Elementary School (326 students). It is also close to Selma High School (850+ students), Concordia College (400+ students), and is a short 1.2 miles from Selma University (300+ students).

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