1566 S US Highway 231 - Fast Food FOR SALE


Ozark, AL 36360
$3,219,000 USD
949-506-2009
1566 S US Highway 231, Ozark, AL for Sale
$3,219,000 USD
Fast Food - FOR SALE
1/5
null | 5.25% Cap Rate

1566 S US Highway 231
Ozark, AL 36360


HIGHLIGHTS

  • Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 5.93% (at List Price) over the base lease term
  • New construction asset with Taco Bell’s latest prototype
  • Absolute NNN lease | Zero Landlord responsibilities
  • Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
  • Located directly across the street from a Walmart Supercenter
  • Annual rent increases to provide a hedge against inflation

OVERVIEW

PROPERTY HIGHLIGHTS • Extremely rare, 25-year base lease term | Nearly $4.6MM in guaranteed income | Average CAP of 5.93% over the base lease term, assuming purchase at List Price • New construction asset with Taco Bell’s latest prototype • Absolute NNN lease | Zero Landlord responsibilities • Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas • Located directly across the street from a Walmart Supercenter • Outparcel to an Anytime Fitness & Dollar Tree-anchored center | Other tenants include Wendy’s, Zaxby’s, Applebee’s, AT&T, among others • Excellent access and visibility from Highway 231 which sees nearly 20,000 VPD • Highway 231 is a main thoroughfare connecting Montgomery to Florida • Annual rent increases to provide a hedge against inflation • Walking distance to a number of strong retail tenants including McDonald’s, Hardee’s, Tractor Supply, Grocery Outlet, Farmers Home Furniture, Sonic, Waffle House, AutoZone, Captain D’s, Little Caesars, Church’s Chicken, Dunkin, T-Mobile, Cricket Wireless, Checkers, among others • About 2 miles from: • Dale Medical Center | 89-bed acute care facility • Alabama Aviation College | 421 students • Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone • Over $11.7B in global sales for Yum! Brands

FOR SALE DETAILS

PRICE

$3,219,000 USD

PRICE/SF

$1,317 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Taco Bell | 25-Yr NNN | 125-Unit Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

11-02-04-2-000-022.0000

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.