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Taco Bell 1412 N Wood Ave
2,724 SF Retail Building Florence, AL 35630 $1,919,234 ($705/SF) 5.75% Cap Rate
Investment Highlights
- Tacala LLC – With over 360 restaurants located throughout the Southeastern United States, Tacala is known as the nation's leading Taco Bell franchisee
- Abs NNN Long Term Lease – Over ±20 years remaining on the base term of the absolute NNN lease, featuring 1% annual rental increases.
- Recently Renovated – This location underwent renovations in 2019 upgrading to the modern look of the franchise, and highlighting a drive-thru.
- Heavy Traffic Counts – Sitting off one of the busiest intersections in Bowling Green seeing over ±13,010 VPD.
- No Landlord Responsibilities – True passive income with no landlord responsibilities.
- Strategically Located – The site is located only ±0.8 miles away from the University of North Alabama (10,600 students).
Executive Summary
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Accommodation and Food Services
- -
- $36.10
- Triple Net
- -
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Accommodation and Food Services | - | $36.10 | Triple Net | - |
PROPERTY TAXES
Parcel Number | 24-02-03-4-002-027.000 | Improvements Assessment | $0 |
Land Assessment | $20,340 | Total Assessment | $20,340 |
PROPERTY TAXES
Presented by
Taco Bell | 1412 N Wood Ave
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