Investment Highlights

25-YEAR ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
» 2021 build-to-suit property with a dedicated drive-thru

HIGHLY POPULATED AND AFFLUENT LOCATION POISED FOR SIGNIFICANT GROWTH
» 34,177 residents within a five-mile radius, attracting traffic to the site
» Located on Highway 53, which experiences 17,190 vehicles per day in front of the site
» Average household income of $102,532 within one mile of the location
» Projected 15 percent AAHI increase within five miles of the site in the next five years, poising Harvest for significant growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Across the street from a Publix-anchored shopping center
» Less than a mile from Sparkman High School and Sparkman 9th Grade School (1,729 students)
» Central location ten miles from Downtown Huntsville near several well established local and national retailers, including O’Reilly Auto Parts, Advance Auto Parts, Dollar General, CVS, Papa John’s Pizza, McDonald’s, Burger King, Publix, and many more

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Taco Bell serves more than 40 million customers each week in the U.S., with annual sales projected to reach $15 billion by 2022
» Voted Best Mexican Restaurant of 2018 in the Harris Poll 2018
» Owned by Yum! Brands, Inc. (over 48,000 restaurants in more than 145 countries and territories)

Property Description

SOLD

The property has a prominent location along Highway 53, which experiences 17,190 vehicles per day in front of the site. The site also maintains immediate access to Jeff Road East (6,861 AADT) and is within five miles of Research Park Boulevard Northwest (30,649 AADT), increasing commuter traffic to the location. The property benefits from its location in a populous and growing area, with 40,309 residents living within a five-mile radius of the site. The location also resides in an affluent area, with an average household income of $113,119 within five miles of the location. The property is primed to grow along with the surrounding area, with a projected 15 percent average annual household income increase within one mile of the location in the next five years.

Increased traffic is aided by the property’s central location ten miles from Downtown Huntsville near several well-established local and national retailers, including O’Reilly Auto Parts, Advance Auto Parts, Dollar General, CVS, Papa John’s Pizza, McDonald’s, Burger King, Publix, and many more. The site is across the street from Publix-anchored shopping center and less than a mile from Sparkman High School and Sparkman 9th Grade School (1,729 students), significantly increasing traffic to the location.