Del Taco,
Phenix City, AL Investment Summary
| Price | $2,308,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years |
| Lease Type | Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot |
| Rental Increases | 10% Rental Increases Every Five (5) Years |
| Year Built | 2019 |
| Building Size | 2,418 SF |
| Lot Size | 1.21 Acres (52,708 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
NEW 20-YEAR ABSOLUTE NNN LEASE
» 20-year NNN lease with 10% rental increases every five years, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-ofarea investor
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 36,010 vehicles per day on U.S. Highway 280 and 23,720 vehicles per day on nearby Crawford Road
» Population of 101,800 residents within a five-mile radius
» Within five miles of one Publix and two Walmart locations
» Surrounded by several national retail brands, including McDonald’s, Pizza Hut, Walgreens, Arby’s, Hardee’s, Big Lots, and more
» Two miles from the Alabama/Georgia border
CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS AND ATTRACTIONS
» Minutes from Westview Elementary School (532 students), Central High School (1,300+ students), and Phenix City Elementary and Intermediate Schools (1,700+ students)
» A short drive from Chattahoochee Valley Community College (1,400+ students)
» Four miles from Piedmont Columbus Regional Hospital (583 beds, 2,777 employees, $1 billion in annual total patient revenue)
» Near tourist attractions like Coca-Cola Space Science Center, Columbus Museum, Woodruff Riverfront Park, National Civil War Naval Museum, Chattahoochee River (2.7 million annual visitors, $166 million annual economic impact), and LakewoodGolf Course (18-hole, par 72 course)
Property Description
<b>SOLD</B>
The property is conveniently located on U.S. Highway 280, with excellent visibility and access to 36,010 vehicles per day directly in front of the property and 23,720 vehicles per day on Crawford Road. The site is centralized in a dense retail corridor and is two miles from the Alabama/Georgia border. Visibility is increased by the property’s placement at the confluence of one Publix and two Walmart locations. Other major tenants near the property include McDonald’s, Pizza Hut, Piggly Wiggly, Walgreens, Arby’s, Church’s Chicken, Domino’s Pizza, Hardee’s, Taco Bell, Subway, Big Lots, and more.
The location benefits from its proximity to large schools, as it resides a short drive from Chattahoochee Valley Community College (1,400+ students), and minutes from Westview Elementary School (537 students), Central High School (1,300+ students), and Phenix City Elementary and Intermediate Schools (1,700+ students). The site is four miles from Piedmont Columbus Regional Hospital, which features 583 beds, 2,777 employees, and generates $1 billion in annual total patient revenue. Additionally, the property is located minutes from popular tourist attractions like the Coca-Cola Space Science Center, Columbus Museum, Woodruff Riverfront Park, National Civil War Naval Museum, Chattahoochee River (2.7 million annual visitors, $166 million annual economic impact), and Lakewood Golf Course, featuring an 18-hole, par 72 course
