x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Taco Bell, Montgomery, AL (Carmichael Road)

Taco Bell, Montgomery, AL (Carmichael Road)


Investment Summary

Price $3,275,000
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 2010
Building Size 2,492 SF
Lot Size 0.94 Acres (40,816 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


Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» Absolute NNN lease with no landlord management
» 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 DENSELY POPULATED RETAIL CORRIDOR
» 19,130 AADT directly in front of the property on Carmichael Road
» 153,063 residents within a five-mile radius
» Immediate access to Interstate 85 (92,780 AADT) and Eastern Boulevard (51,580 AADT)
» Within five miles of 14 major shopping centers (combined 4.7 million SF of retail space, 441 stores)
» Walking distance from 19 hotels, including America’s Best Value Inn (131 rooms), Country Inn & Suites (107 rooms), and Courtyard by Marriott (146 rooms)
» Surrounded by a strong mix of national and local retail brands, including The Home Depot, Burger King, Starbucks, Office Depot, Chick-fil-A, Lowe’s Home Improvement, Wendy’s, Costco, and many more

IRREPLACEABLE INFILL LOCATION NEAR LARGE SCHOOLS AND EMPLOYERS
» Minutes away from Auburn University at Montgomery (5,211 students, 318 employees)
» Beneficial proximity to Faulkner University (3,574 students)
» Within five miles of 10 schools with a combined enrollment of 8,187 students
» Four miles from Baptist Medical Center East (150 beds)
» Five miles from Jackson Hospital (270 beds)

Property Description

SOLD

The property is conveniently located and easily accessible from Carmichael Road, a major economic and retail corridor for Montgomery, with excellent visibility and access to 19,130 vehicles per day directly in front of the location and 153,063 residents within a five-mile radius. The property is less than one mile from Interstate 85, Montgomery’s primary east-west thoroughfare. The location offers a wide variety of shopping and national retail chains in the immediate vicinity, including 14 major shopping centers within five miles of the location, which feature 4.7 million SF of retail space and 441 stores. The property is easily accessible from 19 different hotels within walking distance of the site.

Increased traffic is greatly aided by the many surrounding schools and universities, such as Auburn University at Montgomery (5,200+ students) and Faulkner University (3,500+ students). The site is also within five miles of 10 schools with a combined enrollment of 8,187 students. The location resides four miles from Baptist Medical Center East (150 beds), which was named one of the nation’s 100 Top Hospitals by Thomson Reuters and generated $530,687,823 in total patient revenue in 2018.

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link