New Taco Bell | 25-Yr NNN | 125-Unit Guaranty | 1566 S US Highway 231
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New Taco Bell | 25-Yr NNN | 125-Unit Guaranty 1566 S US Highway 231
2,445 SF Retail Building Ozark, AL 36360 $3,219,000 ($1,317/SF) 5.25% Cap Rate
Investment Highlights
- Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 5.93% (at List Price) over the base lease term
- Absolute NNN lease | Zero Landlord responsibilities
- Located directly across the street from a Walmart Supercenter
- New construction asset with Taco Bell’s latest prototype
- Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
- Annual rent increases to provide a hedge against inflation
Executive Summary
PROPERTY HIGHLIGHTS
• Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 5.93% over the base lease term, assuming purchase at List Price
• New construction asset with Taco Bell’s latest prototype
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
• Located directly across the street from a Walmart Supercenter
• Outparcel to an Anytime Fitness & Dollar Tree-anchored center | Other tenants include Wendy’s, Zaxby’s, Applebee’s, AT&T, among others
• Excellent access and visibility from Highway 231 which sees nearly 20,000 VPD
• Highway 231 is a main thoroughfare connecting Montgomery to Florida
• Annual rent increases to provide a hedge against inflation
• Walking distance to a number of strong retail tenants including McDonald’s, Hardee’s, Tractor Supply, Grocery Outlet, Farmers Home Furniture, Sonic, Waffle House, AutoZone, Captain D’s, Little Caesars, Church’s Chicken, Dunkin, T-Mobile, Cricket Wireless, Checkers, among
others
• About 2 miles from:
• Dale Medical Center | 89-bed acute care facility
• Alabama Aviation College | 421 students
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands
• Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 5.93% over the base lease term, assuming purchase at List Price
• New construction asset with Taco Bell’s latest prototype
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
• Located directly across the street from a Walmart Supercenter
• Outparcel to an Anytime Fitness & Dollar Tree-anchored center | Other tenants include Wendy’s, Zaxby’s, Applebee’s, AT&T, among others
• Excellent access and visibility from Highway 231 which sees nearly 20,000 VPD
• Highway 231 is a main thoroughfare connecting Montgomery to Florida
• Annual rent increases to provide a hedge against inflation
• Walking distance to a number of strong retail tenants including McDonald’s, Hardee’s, Tractor Supply, Grocery Outlet, Farmers Home Furniture, Sonic, Waffle House, AutoZone, Captain D’s, Little Caesars, Church’s Chicken, Dunkin, T-Mobile, Cricket Wireless, Checkers, among
others
• About 2 miles from:
• Dale Medical Center | 89-bed acute care facility
• Alabama Aviation College | 421 students
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,445 SF
Building Class
B
Year Built
2024
Price
$3,219,000
Price Per SF
$1,317
Cap Rate
5.25%
NOI
$168,998
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.56 AC
Parking
25 Spaces (10.22 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Taco Bell
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Taco Bell | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 11-02-04-2-000-022.0000 | Improvements Assessment | $250,000 |
| Land Assessment | $50,000 | Total Assessment | $300,000 |
PROPERTY TAXES
Parcel Number
11-02-04-2-000-022.0000
Land Assessment
$50,000
Improvements Assessment
$250,000
Total Assessment
$300,000
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Calvin Short -
Matt Coates -
Gary Chou -
Aron Cline -
Rad Werssowetz -
Berkeley Capital Advisors
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New Taco Bell | 25-Yr NNN | 125-Unit Guaranty | 1566 S US Highway 231
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