Taco Bell,
Dothan, AL Investment Summary
| Price | $2,754,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 16 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 February 2017 |
| Building Size | 1,784 SF |
| Lot Size | 1.04 Acre (45,159 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
CLONG-TERM ABSOLUTE NNN LEASE
» New 16-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
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CLUSTER
» Conveniently located on Ross Clark Circle, Dothan’s beltway, with excellent visibility and access to 29,100 vehicles per day directly in front of the property
» Ross Clark Circle intersects with East Main Street immediately south of the property; East Main Street, which has a traffic count of 24,040 vehicles per day, provides access to downtown Dothan
» Major retailers in the nearby area include Walgreens, Chick-fil-A, Dollar General, AutoZone, CVS, Winn-Dixie, and Shell, amongst many others
CENTRAL LOCATION ACROSS FROM 327-BED HOSPITAL
» Directly across from the 327-bed Southeast Health Medical Center, Dothan’s largest employer, with 2,322 employees
» Close to industrial areas and other large employers like Wayne Farms (1,000 employees)
» As a result of being near a number of major employers, the population around the property increases during business hours, with 10,369 daytime employees working within a one-mile radius and 29,044 daytime employees within a three-mile radius
» Approximately two miles from downtown Dothan
Property Description
SOLD
The property is conveniently located on Ross Clark Circle, Dothan’s beltway, with excellent visibility and access to 29,100 vehicles per day directly in front of the property. Ross Clark Circle intersects with East Main Street immediately south of the property; East Main Street, which has a traffic count of 24,040 vehicles per day, provides access to downtown Dothan. The property is located in a strong retail cluster. Major retailers in the nearby area include Walgreens, Chick-fil-A, Dollar General, AutoZone, CVS, Winn-Dixie, and Shell, amongst many others.
The property is directly across from Southeast Health Medical Center. The 327-bed hospital is Dothan’s largest employer, with 2,322 employees. The property is also close to industrial areas and other large employers like Wayne Farms (1,000 employees). As a result of being near a number of major employers, the population around the property increases during business hours, with 10,369 daytime employees working within a one-mile radius and 29,044 daytime employees within a three-mile radius.
