New Taco Bell | 25-Yr NNN | 35,000 VPD | NEC of US-43 & Blake Ave
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New Taco Bell | 25-Yr NNN | 35,000 VPD NEC of US-43 & Blake Ave
2,800 SF Retail Building Tuscumbia, AL 35674 $3,241,000 ($1,158/SF) 5.25% Cap Rate
Investment Highlights
- Extremely rare, 25-year base lease term | ±$4.8MM in guaranteed income | Average CAP of 5.93% (at List Price) over the base lease term
- Absolute NNN lease | Zero Landlord responsibilities
- Signalized, hard corner location with excellent access and visibility from US-43 (aka Jackson Hwy and Woodward Ave) which sees over 35,000 VPD
- 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
- Adjacent to the new Muscle Shoals Sportsplex | $65MM, 66-acre development
Executive Summary
PROPERTY HIGHLIGHTS
• Extremely rare, 25-year base lease term | ±$4.8MM 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
• Signalized, hard corner location with excellent access and visibility from US-43 (aka Jackson Hwy and Woodward Ave) which sees over 35,000 VPD
• Adjacent to the new Muscle Shoals Sportsplex | $65MM, 66-acre development | Will include a 1,000-seat amphitheater, 6 full-size football/soccer/lacrosse fields, 10 youth football/soccer/lacrosse fields, 8 youth baseball fields, 16 pickleball courts, 10 tennis courts, 6 basketball courts, 12 volleyball courts, offices/multipurpose rooms, a retail development and more
• Just off the major intersection of US-43 and Highway 72 | Boasts a combined ±69,200 VPD
• Across the street from four major car dealerships (Toyota, Hyundai, Chevy, and Buick)
• Walking distance to:
• A Lowe’s and Rural King-anchored shopping center
• Muscle Shoals Commons | Publix-anchored shopping center
• McDonald’s, Hardee’s, RaceTrac, Waffle House, Slim Chickens, Chevron, Jack’s, Firestone, among others
• 3 different hotels/inns
• The North Alabama State Fair
• Annual rent increases to provide a hedge against inflation
• About 2 miles from:
• Northwest-Shoals Community College | 4,302 students
• A Love’s Travel Stop
• 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 | ±$4.8MM 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
• Signalized, hard corner location with excellent access and visibility from US-43 (aka Jackson Hwy and Woodward Ave) which sees over 35,000 VPD
• Adjacent to the new Muscle Shoals Sportsplex | $65MM, 66-acre development | Will include a 1,000-seat amphitheater, 6 full-size football/soccer/lacrosse fields, 10 youth football/soccer/lacrosse fields, 8 youth baseball fields, 16 pickleball courts, 10 tennis courts, 6 basketball courts, 12 volleyball courts, offices/multipurpose rooms, a retail development and more
• Just off the major intersection of US-43 and Highway 72 | Boasts a combined ±69,200 VPD
• Across the street from four major car dealerships (Toyota, Hyundai, Chevy, and Buick)
• Walking distance to:
• A Lowe’s and Rural King-anchored shopping center
• Muscle Shoals Commons | Publix-anchored shopping center
• McDonald’s, Hardee’s, RaceTrac, Waffle House, Slim Chickens, Chevron, Jack’s, Firestone, among others
• 3 different hotels/inns
• The North Alabama State Fair
• Annual rent increases to provide a hedge against inflation
• About 2 miles from:
• Northwest-Shoals Community College | 4,302 students
• A Love’s Travel Stop
• 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
2,800 SF
Building Class
B
Year Built
2024
Price
$3,241,000
Price Per SF
$1,158
Cap Rate
5.25%
NOI
$170,153
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.98 AC
Parking
27 Spaces (9.64 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 | 13-06-14-0-001-010.001 | Improvements Assessment | $43,480 |
| Land Assessment | $26,480 | Total Assessment | $69,960 |
PROPERTY TAXES
Parcel Number
13-06-14-0-001-010.001
Land Assessment
$26,480
Improvements Assessment
$43,480
Total Assessment
$69,960
Contacts
-
Calvin Short -
Matt Coates -
Gary Chou -
Aron Cline -
Rad Werssowetz -
Berkeley Capital Advisors
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New Taco Bell | 25-Yr NNN | 35,000 VPD | NEC of US-43 & Blake Ave
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