For Sale
$3,219,000

1566 HwyMontgomery, AL 36105

High-yield, 25-year NNN Taco Bell

Overview

Added:
Dec 11, 2024
Days on market:
117
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
1566 Hwy, Montgomery, Alabama

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1566 Hwy
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