Investment Summary
Price | $1,265,000 |
Cap Rate | |
NOI | |
Lease Term | 14 Years |
Lease Type | Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot |
Rental Increases | 1% Annual Rental Increases |
Year Built | Major Remodel In October 2013 |
Building Size | 2,358 SF |
Lot Size | 0.75 acres (32,670 SF) |
Status | Sold |
Lead Brokers | Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM ABSOLUTE NNN LEASE
» New 14-year NNN lease with absolutely no landlord management, providing an ideal investment for an out-of-area investor
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Rare annual rental increases, providing an excellent hedge against inflation
» Building features dedicated drive-thru, making it one of the few places offering drive-thru service in Daleville
HIGH-TRAFFIC LOCATION ON MAIN RETAIL CORRIDOR
» Conveniently located on Daleville Avenue, Daleville’s primary thoroughfare and the main route into Fort Rucker, with excellent visibility and access to 15,490 vehicles per day directly in front of the property
» In Daleville’s main retail corridor close to notable national and regional tenants
» Major retailers in the nearby area include Advance Auto Parts, Pizza Hut, McDonald’s, Dollar General, and Grocery Outlet, amongst many others
CLOSEST QSR TO FORT RUCKER’S MAIN GATE
» Adjacent to Fort Rucker, with immediate access to Fort Rucker’s main gate
» Closest restaurant to Fort Rucker’s main entrance
» Fort Rucker is the region’s largest employer and supports a daytime population of about 15,700, including over 5,000 people in uniform, over 7,000 civilian and contract employees, and over 3,600 family members on post
» Fort Rucker has an annual economic impact of $2.2 billion on southeastern Alabama
» The Army Aviation Museum located at Fort Rucker is a top tourist destination in the area, welcoming over 100,000 visitors per year
Property Description
SOLD
The property is conveniently located on Daleville Avenue, Daleville’s primary thoroughfare and the main route into Fort Rucker, with excellent visibility and access to 15,490 vehicles per day directly in front of the property. The property is located in Daleville’s main retail corridor and is close to notable national and regional tenants. Major retailers in the nearby area include Advance Auto Parts, Pizza Hut, McDonald’s, Dollar General, and Grocery Outlet, amongst many others.
The property is centrally located adjacent to Fort Rucker, with immediate access to Fort Rucker’s main gate. Fort Rucker is the region’s largest employer and supports a daytime population of about 15,700, including over 5,000 people in uniform, over 7,000 civilian and contract employees, and over 3,600 family members on post. Known as the home of Army Aviation, Fort Rucker serves as one of the primary training facilities for military helicopter pilots in the United States. The Southeast Alabama Regional Planning and Development Commission recently stated that Fort Rucker’s military training mission has an annual economic impact of $2.2 billion on southeastern Alabama. Additionally, the Army Aviation Museum located at Fort Rucker is a top tourist destination in the area, welcoming over 100,000 visitors per year. The property is the closest restaurant to Fort Rucker’s main entrance and is also one of the few places offering drive-thru service in Daleville.