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Taco Bell, Birmingham, AL (Homewood)

Taco Bell

Birmingham, AL

Price $3,000,000
Cap Rate 5.00%
NOI $150,000
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 2022
Building Size 2,814 SF
Lot Size 0.87 acres (37,897 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

NEW 25-YEAR ABSOLUTE NNN LEASE TO ONE OF TACO BELL’S LARGEST OPERATORS
» 25-year absolute NNN lease to iconic QSR tenant
» Rare annual rental increases, providing an excellent hedge against inflation
» No landlord management, making this an ideal opportunity for an out-of-area investor
» 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 2022 construction built to the latest Taco Bell prototype, featuring covered patio seating and a dedicated drive-thru for added customer convenience

HIGH-VISIBILITY LOCATION AT ONE OF BIRMINGHAM’S BUSIEST INTERSECTIONS
» Conveniently located along Lakeshore Parkway and near the intersection of Lakeshore Parkway and Interstate 65 (combined 189,804 AADT), one of Birmingham’s busiest intersections
» High-traffic retail location directly across from Wildwood Centre, a 225,000+ SF retail center featuring multiple national retailers and major Homewood economic drivers
» Immediately surrounded by major traffic-driving tenants such as Walmart Supercenter, Lowe’s Home Improvement, Sam’s Club, Hobby Lobby, Hibbett, Planet Fitness, Walmart Neighborhood Market, and many more
» Strategic location with six major national hotel brands all within a one-mile radius, greatly increasing foot traffic directly to the site

EXCELLENT DEMOGRAPHICS IN HIGH-GROWTH ALABAMA SUBURB
» 180,521 residents live within five miles of the property, creating an extremely large and stable customer base for the site
» High average annual household income of $112,848 within a one-mile radius, providing an affluent customer base
» Two miles from Samford University (5,758 students, 14 consecutive years of record enrollment, $424.8M annual fiscal and economic impact)
» Projected 16% income increases within 1-, 3-, and 5-mile radii over the next five years poise Taco Bell and Homewood for steady concurrent growth
» Gateway to Central Birmingham, the most populous city in Alabama (209,403 population)


Property Description

» This Taco Bell is conveniently located along Lakeshore Parkway and near the intersection of Lakeshore Parkway and Interstate 65 (combined 189,804 AADT), one of Birmingham’s busiest intersections
» The property features beneficial proximity directly across from Wildwood Centre, a 225,000+ SF retail center featuring multiple national retailers and major Homewood economic drivers
» Located in a strong retail corridor, the property is immediately surrounded by major traffic-driving tenants such as Walmart Supercenter, Lowe’s Home Improvement, Sam’s Club, Hobby Lobby, Hibbett, Planet Fitness, and many more, creating significant crossover shopping
» The site greatly benefits from being two miles from Samford University (5,758 students, 14 consecutive years of record enrollment,$424.8M annual fiscal and economic impact)
» 180,521 residents live within five miles of the property, creating an extremely large and stable customer base for the site
» The high average annual household income of$112,848 within a one-mile radius provides an affluent surrounding base
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Taco Bell and Homewood for steady concurrent growth

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