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.