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Taco Bell, Hanceville , AL

Taco Bell

Price $1,980,000
Cap Rate 4.85% Return
NOI $96,000
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 2019
Building Size 2,780 SF
Lot Size 1 acre (43,560 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
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 25-year NNN lease with absolutely 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 AT SIGNALIZED HARD CORNER
» Strategically located at the signalized hard corner of College Drive and U.S. Route 31, with excellent visibility and access to 14,010 vehicles per day
» U.S. Route 31 is Hanceville’s prime commercial corridor
» Directly adjacent to Dollar Tree and is within walking distance of well-known retailers like McDonald’s, AT&T, O’Reilly Auto Parts, Dollar General Market, and several others

ACROSS FROM MAJOR COLLEGE AND NEAR TOURIST ATTRACTIONS
» Directly across from Wallace State Community College, the third largest community college in the state of Alabama, with 5,301 students and 620 employees
» Across from The Evelyn Burrow Museum, which attracts a growing audience from the community and beyond, with more than 10,000 visitors annually
» Less than five miles from the Shrine of the Blessed Sacrament, a cathedral-like chapel on Our Lady of the Angels Monastery Farm in Hanceville, which is visited by more than 80,000 people per year

NEW 2019 CONSTRUCTION
» 2019 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs


Property Description

The property is strategically located at the signalized hard corner of College Drive and U.S. Route 31, with excellent visibility and access to 14,010 vehicles per day. U.S. Route 31 is Hanceville’s prime commercial corridor. The property is directly adjacent to Dollar Tree and is within walking distance of well-known retailers like McDonald’s, AT&T, O’Reilly Auto Parts, Dollar General Market, and several others.

The property is centrally located near major employers and community amenities. The property is directly across from Wallace State Community College, the third largest community college in the state of Alabama, with 5,301 students and 620 employees. The property is also across from The Evelyn Burrow Museum, which offers a unique collection of decorative arts from the Victorian era to modern times, from fine examples of delicately crafted porcelain to artful everyday wares. By presenting a wide range of fine and decorative art exhibitions, The Evelyn Burrow Museum attracts a growing audience from the community and beyond, including increasing visits from guests across the country and around the world, with more than 10,000 visitors annually. Additionally, the property is less than five miles from the Shrine of the Blessed Sacrament, a cathedral-like chapel on Our Lady of the Angels Monastery Farm in Hanceville, which is visited by more than 80,000 people per year.

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