Taco Bell,
Montgomery, AL (Eastchase Parkway) Investment Summary
| Price | $3,427,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 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 | 2014 |
| Building Size | 2,052 SF |
| Lot Size | 0.88 acre (38,333 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 Executive 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
» 20-year NNN lease with 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 TOP RETAIL CORRIDOR
» Within a minutes drive of Interstate 85, Montgomery’s primary east-west thoroughfare, which has 45,850 AADT
» At the entrance to the Shoppes at Eastchase, the dominant retail corridor in the region, with 759,000 SF of retail including 40+ shops unique to the trade area
» National retailers within three minutes include Whole Foods, Walmart Supercenter, Hobby Lobby, Costco, Dillard’s, Target, Whole Foods, Chick-fil-A,
Starbucks, Wendy’s, Dick’s Sporting Goods, H&M, Panera Bread, Wendy’s, and many more
» Within walking distance of four hotels with 400+ rooms
LOCATED IN AFFLUENT AREA WITHIN MINUTES OF MAJOR EMPLOYERS, AND SCHOOLS
» $124,576 AAHI within one mile, making the surrounding community one of the wealthiest in Montgomery
» Less than 3 miles from Auburn University at Montgomery, which has 5,211 students and 318 employees
» Just over 3 miles from Baptist Medical Center East (176 Beds), which was named one of the nation’s 100 Top Hospitals by Thomson Reuters
» Direct beneficiary of Hyundai’s $1.7B factory with a localized annual economic impact of $4.8B
» Short drive from Maxwell-Gunter Air Force Base that has 12,000 military personnel and a $2.6B annual impact
Property Description
SOLD
The property is conveniently located at the entrance to The Shoppes at Eastchase, the premier shopping destination in south central Alabama, with excellent visibility and access to 45,850
vehicles per day on nearby Interstate 85. The Shoppes at Eastchase is the dominant retail corridor in the region with more than 759,000 SF of retail including 40+ shops unique to the trade area. Tenants within minutes of the property include Whole Foods, Costco, Dillard’s, HobbyLobby, Dick’s, Target, H&M and 30+ more retailers. Additionally, the property is also within walking distance of four hotels with 400+ rooms.
The property is centrally located less than three miles from Auburn University at Montgomery, which has 4,211 students and 318 employees. The property is just over 3 miles from Baptist Medical
Center East (176 beds), which was named one of the nation’s 100 Top Hospitals by Thomson Reuters. Additionally, the property is a short drive from Maxwell-Gunter Air Force Base, which has 12,000 military personnel and $2.6B Annual Impact on the local economy. Lastly, the property is located in one of the more affluent communities in Montgomery with residents having an annual average household income of $124,576 within a one-mile radius.
