710 9th Ave N - Fast Food FOR SALE


Bessemer, AL 35020- Outer Bessemer/Fairfield
$950,000 USD
205-807-6554
710 9th Ave N, Bessemer, AL for Sale
$950,000 USD
Fast Food - FOR SALE
1/7
null | Request Cap Rate


HIGHLIGHTS

  • Former Taco Bell Drive-Thru For Sale: Current Tenant Has Operated At the Location for 20 Years and Will Not Be Continuing Their Lease Creating a Great
  • Tenant Going Dark: Current Tenant is Vacating the Property on January 1st, 2025, However They Will Continue to Pay Rent Until August 15, 2025.
  • Proforma 7.5% Return: Assuming Conservative Capital Improvements, Investors Can Achieve Attractive Returns at Market Rent.

OVERVIEW

Marcus & Millichap is pleased to present an opportunity to purchase a former drive-thru Taco Bell with significant potential for investors or owner-users. The current tenant has successfully operated at this location for 20 years but will not be continuing their lease, creating a prime opportunity for new ownership. The tenant is going dark the 1st of January 20205 and will continue to make payments through the end of their lease in August 2025. This short-term lease presents a unique chance for investors to capitalize on proforma returns of 7.5% by implementing conservative capital improvements and leasing at market rates. Owner-user operators can also take advantage of attractive SBA financing options, requiring as little as a 10% down payment (approximately $95,000), enabling the benefits of ownership over renting. The market in Bessemer, AL, is growing, boasting a vibrant economy and an expanding population. This environment is ideal for Freddy’s Frozen Custard & Steakburgers to tap into the rising consumer demand for quality dining options. The city’s downtown district, which includes the federally-recognized Downtown Historic District, has been designated as an Opportunity Zone by the United States Department of Treasury. The site benefits from strong demographics with Bessemer, just 16 miles outside of Bermingham. Located in Jefferson County which supports a population of over 650,000 and a median income of $63,595.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

SC3

APN/PARCEL ID

38-00-08-4-003-002.004

ASK ABOUT THIS PROPERTY

Eddie GreenhalghMarcus & MillichapMore Info
205-807-6554

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Eddie GreenhalghMarcus & MillichapMore Info
205-807-6554

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