For Sale
$3,219,000

1566 Hwy Montgomery, AL 36105

High-yield, 25-year NNN Taco Bell

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a newly constructed, 2,445 square foot Taco Bell located in Ozark, Alabama, at 1566 South Highway 231, zip code 36105. The property sits on a 0.56-acre lot and benefits from a 25-year absolute NNN lease commencing September 30, 2024, and expiring October 31, 2049. The lease includes annual 1% rent bumps, providing inflation protection. The tenant, Tacala, LLC, is a highly credit-rated operator of over 370 Taco Bell locations, guaranteeing nearly $4.6 million in income over the lease term. The property boasts a 5.25% cap rate and a strong NOI of $169,000. This Class B retail building is part of a thriving retail center, situated across from a Walmart Supercenter and near numerous other national retailers, including Wendy's, Zaxby's, Applebee's, and more. The location enjoys excellent visibility and accessibility from Highway 231, a major thoroughfare with nearly 20,000 vehicles per day, connecting Montgomery to Florida. The property's proximity to Dale Medical Center, Alabama Aviation College, and a dense concentration of retail and restaurants further enhances its value and potential for long-term growth. The lease offers six, five-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant and significant long-term income potential. The asking price is $3,219,000.

Highlights

  • 25-year base lease, a rare offering.
  • $4.6MM in guaranteed annual income.
  • 5.93% average cap rate (at list price).
  • Brand new Taco Bell, using their latest prototype design.
  • Absolute NNN lease; no landlord responsibilities.
  • Strong lease guarantee from Tacala, LLC, operating 370+ Taco Bell locations.

Property Details for 1566 Hwy

Property type
Retail properties, Restaurants
Square Feet
2,445 SF
Class
B
Year Built
2024
Buildings
1
Lot Size (sq. ft)
24,394 SF
Units
1

Location Insight

City
Montgomery
County
Dale
State
Alabama
Latitude
32.2334312
Longitude
-86.2767995

FAQs

What type of property is this?
Retail property - High-yield, 25-year NNN Taco Bell
Where is the retail property located?
The property is located at 1566 Hwy Montgomery, AL.
What is the asking price?
The asking price for this property is $3,219,000.
What are key features of this property?
This property features: 25-year base lease, a rare offering.; $4.6MM in guaranteed annual income.; 5.93% average cap rate (at list price).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1566 Hwy
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