Taco Bell,
Enterprise, AL Investment Summary
| Price | $2,377,000 |
| 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 October 2015 |
| Building Size | 2,075 SF |
| Lot Size | 0.80 acre (34,848 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
LONG-TERM ABSOLUTE NNN LEASE
» 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 CORRIDOR
» Excellent visibility and access to 25,470 vehicles per day directly in front of the property on Boll Weevil Circle, Enterprise’s primary retail corridor
» Outparcel to a Walmart Supercenter-anchored retail plaza, which is also tenanted by Murphy USA, GameStop, and Sally Beauty
» Directly adjacent to Enterprise Shopping Center, tenanted by JCPenney, Big Lots, T.J. Maxx, Cato, Hibbett Sports, Burkes Outlet, and Cricket Wireless
» Near Westgate Center, a shopping plaza featuring notable retailers like Piggly Wiggly, Sears Hometown Store, Fred’s, Beef ‘O’ Brady’s, Verizon, Ruby Tuesday, Rent-A-Center, Regions Bank, and many others
» Within walking distance of shopping centers anchored by Publix and Harbor Freight Tools
PRIME CENTRAL LOCATION
» Less than two miles from downtown Enterprise and Enterprise State Community College, which has 2,333 students at its main Enterprise campus
» Just over one mile from Hillcrest Elementary School (814 students) and just over two miles from Enterprise High School (2,162 students)
» Minutes from Fort Rucker, which serves as an economic hub for the surrounding region
Property Description
Sold
The property is conveniently located on Boll Weevil Circle, Enterprise’s primary retail corridor, with excellent visibility and access to 25,470 vehicles per day directly in front of the property. The property is outparcel to a Walmart Supercenter-anchored retail plaza, which is also tenanted by Murphy USA, GameStop, and Sally Beauty. Additionally, the property is directly adjacent to Enterprise Shopping Center, tenanted by JCPenney, Big Lots, T.J. Maxx, Cato, Hibbett Sports, Burkes Outlet, and Cricket Wireless. Across from Enterprise Shopping Center is Westgate Center, a shopping plaza featuring notable retailers like Piggly Wiggly, Sears Hometown Store, Fred’s, Beef ‘O’ Brady’s, Verizon, Ruby Tuesday, Rent-A-Center, Regions Bank, and many others. The property is also within walking distance of shopping centers anchored by Publix and Harbor Freight Tools. Other major retailers in the nearby area include Walgreens, Office Depot, Dollar General, Planet Fitness, McDonald’s, Sonic, Rite Aid, and several car dealerships.
The property is centrally located less than two miles from downtown Enterprise and Enterprise State Community College, which has 2,333 students at its main Enterprise campus. The property is also just over one mile from Hillcrest Elementary School (814 students) and just over two miles from Enterprise High School (2,162 students). Additionally, the property is approximately six miles from Fort Rucker, which serves as an economic hub for the surrounding region.
