Investment Highlights

25-YEAR ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» Operated by Taco Bell’s largest franchisee, with over 350 units
» Absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» Rare annual rental increases, providing an excellent hedge against inflation
» 2019 build-to-suit property with a dedicated drive-thru and a covered patio

HIGHLY POPULATED LOCATION NEAR DOWNTOWN FLORENCE
» Located on Cloverdale Road, which experiences 22,559 vehicles per day directly in front of the site, and connects the Tennessee River bank to the State of Tennessee
» Nearby access to Cox Creek Parkway, which experiences a traffic count of 23,240 vehicles per day
» 48,021 residents within a five-mile radius
» Within four miles of Downtown Florence

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Minutes from both the University of North Alabama (both its main campus and its east campus), which boasts over 7,650 students, 365 employees, and a $400M economic impact and North Alabama Medical Center (263 beds and 200+ employees)
» Taco Bell is open later than any on-campus dining options for students
» Walking distance of Walmart Supercenter and a dozen other national and local retailers, fueling lunch traffic to the site
» Minutes from Underwood Elementary School, Harlan Elementary School, and Florence High School (1,895 students combined)

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Taco Bell serves more than 40 million customers each week in the U.S., with annual sales projected to reach $15 billion by 2022
» Voted Best Mexican Restaurant of 2018 in the Harris Poll 2018
» Owned by Yum! Brands, Inc. (over 48,000 restaurants in more than 145 countries and territories)

Property Description

SOLD

The property is conveniently located and easily accessible off of Cloverdale Road, a major economic and retail corridor for Florence, which connects the University of Alabama campus and Tennessee River front to the State of Tennessee. The site has visibility to 22,559 vehicles per day. It is less than five miles away from the North Alabama Medical Center (263 beds and 200+ employees) and Downtown Florence, both of which increase traffic to the site. The property also benefits from being walking distance of Walmart Supercenter, CVS Pharmacy, Alfa Insurance, State Farm, First Metro Bank, O’Reilly’s Auto Parts, Allstate, SunTrust, and Advance Auto Parts, among local retailers, fueling lunch traffic to the property.

Increased traffic is also aided by the many surrounding schools and universities, such as University of North Alabama (7,650 students and 365+ employees), which is Alabama’s oldest state-certified University. The university is situated on 130 acres and surrounded by historic neighborhoods. A 2017 study revealed that the university has an impressive $400M economic impact. The site is also minutes from Underwood Elementary School, Harlan Elementary School, and Florence High School (1,895 students combined).