1412 Wood AveFlorence, AL 35630

Property Details for 1412 Wood Ave

Year built

1998

Lot size

0.73 AC

Property size (Sq ft)

2,470 SF

Zone code

2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

24-02-03-4-002-027-000

APU

2402034002027000

Description

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.

Location Insight

City

Florence

County

Lauderdale

State

Alabama

Latitude

34.8206

Longitude

-87.681

CBSA code

22520

CBSA name

FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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