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Taco Bell, Fayette, AL

Taco Bell

Fayette, AL

Price $1,831,000
Cap Rate 5.00%
NOI $91,531
Lease Term 25 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 1% Annual Rental Increases
Year Built 2021
Building Size 2,800 SF
Lot Size 0.98 Acres (42,689 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

25-YEAR ABSOLUTE NNN LEASE TO ICONIC QSR TENANT
» 25-year absolute NNN lease to an iconic tenant
» No landlord management, ideal for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
» Leased to Tacala LLC, one of Taco Bell’s largest operators with over 300 units
» Taco Bell serves more than 42 million customers each week in the U.S., with annual sales projected to reach $15 billion by the end of 2022
» High-quality 2021 construction built to the latest Taco Bell prototype, featuring patio seating and a dedicated drive-thru, for added customer convenience

HIGH-VISIBILITY LOCATION NEAR RETAILERS AND SCHOOLS
» Prominent location along U.S. Route 43/Temple Avenue North with excellent visibility and access to 14,231 vehicles per day
» Proximity to Fayette Square Shopping Center and surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Tractor Supply Co., Dollar General, McDonald’s, Exxon, AT&T Store, Advance Auto Parts, O’Reilly Auto Parts, and more
» Walking distance to Fayette Medical Center (61 beds, and a 122-bed nursing home), Shadow Oak Apartments (50 units), and Brookside/Claymont Apartments (80 units)
» Convenient location near well-attended schools including Fayette Elementary School (518 students), Fayette Middle School (407 students), and Fayette High School (404 students)
» Minutes from Bevill State Community College (896 students)

CENTRAL LOCATION WITH LIMITED COMPETITION AND ACCESS TO LOCAL EMPLOYEES
» Only Taco Bell within an 18-mile radius, with the next nearest Taco Bell located 37 miles away
» Two miles from Showa Group (245 employees), the largest employer in Fayette County
» A third of the workforce in the region is employed in manufacturing
» Population of 17,856 within a 15-mile radius
» Average annual household income of $63,325 within 10 miles (projected 15% increase by 2027)
» Gateway to Birmingham (population of 198,433), the third most-populous city in Alabama with access to the large Birmingham-Hoover MSA (population of 1.1 million)


Property Description

» Taco Bell is located along U.S. Route 43/Temple Avenue North with excellent visibility and access to 14,231 vehicles per day
» The property is within walking distance to Shadow Oak Apartments (50 units), Brookside/Claymont Apartments (80 units), and Fayette Medical Center (61 beds, and a 122-bed nursing home)
» The site is located conveniently near well-attended schools including Fayette Elementary School (518 students), Fayette Middle School (407 students), and Fayette High School (404students)
» Furthermore, the site is just minutes from Bevill State Community College (896 students)
» The property is two miles from Showa Group (245 employees), the largest employer in Fayette County; third of the workforce in the region is employed in manufacturing
» This is the only Taco Bell within an 18-mile radius with the next nearest Taco Bell located 37 miles away

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