For Sale
$1,919,234

1412 Wood AveFlorence, AL 35630

High-Yield NNN Lease, Alabama

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,724 square foot Taco Bell franchise located at 1412 N Wood Ave, Florence, Alabama 35630. The property sits on a 0.57-acre lot (APN: 24-02-03-4-002-027.000) and boasts a strong historical occupancy rate. The absolute NNN lease with Tacala LLC, a leading Southeastern US Taco Bell franchisee, has over 20.5 years remaining, featuring 1% annual rent increases. The property underwent renovations in 2019, showcasing a modern design and drive-thru. The $1,919,234 asking price reflects a 5.75% cap rate and a current NOI of $110,356. Benefiting from a high-traffic location near a major intersection (over 13,010 vehicles per day) and approximately 0.8 miles from the University of North Alabama, this property offers exceptional long-term growth potential within a thriving market. The Shoals region's expanding industrial, educational, and healthcare sectors contribute to a stable and growing customer base. This is a truly passive income investment with no landlord responsibilities. Multiple access points off N Wood Ave and Indiana Ave ensure ease of access for customers.

Highlights

  • Tacala LLC, a leading Taco Bell franchisee with over 360 Southeastern US locations, operates this property.
  • 2019 renovations feature a modern design and drive-thru.
  • Absolute NNN lease with over 20 years remaining and 1% annual rent increases.
  • Strong tenant: Taco Bell, a globally recognized fast-food chain.
  • Passive investment with no landlord responsibilities.
  • High-traffic location at a Bowling Green intersection with over 13,010 vehicles per day (VPD).

Property Details for 1412 Wood Ave

Property type
Retail properties
Square Feet
2,724 SF
Year Renovated
2019
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Florence
County
Lauderdale
State
Alabama
Latitude
34.820473577311
Longitude
-87.68129708893
1412 Wood Ave, Florence, Alabama

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1412 Wood Ave
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