702 Walnut StCentreville, AL 35042

Property Details for 702 Walnut St

Year built

2024

Lot size

0.72 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 2,500 square foot Taco Bell located at 702 Walnut St, Centreville, AL 35042. The property boasts a 25-year absolute NNN lease (commencing March 11, 2024, and expiring March 31, 2049) with a tenant, Tacala LLC, one of Taco Bell's largest franchisees, operating over 350 units. The lease includes attractive 1% annual rent increases, ensuring consistent income growth. The property sits on a 0.72-acre lot, built in 2024, and enjoys a high-visibility location on Walnut Street, a primary retail thoroughfare with significant daily traffic volume (7,417 vehicles directly in front and a combined 11,753 vehicles at the intersection with Birmingham Road). Its strategic position across from Bibb County High School (494 students) and proximity to Bibb Medical Center (a 35-bed hospital employing 514) provides a strong customer base. The property's Net Operating Income (NOI) is $137,865, resulting in a 5.75% cap rate, and the asking price is $2,398,000. This is a 1031 exchange eligible property, offering a secure, low-management investment with significant long-term potential, benefiting from projected population and income growth in the surrounding area. The property is easily accessible and benefits from its location between Birmingham and Montgomery, two major Alabama cities.

Location Insight

City

Centreville

County

Bibb

State

Alabama

Latitude

32.9445

Longitude

-87.1431

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