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Taco Bell, Centreville, AL

Taco Bell, Centreville, AL


Investment Summary

Price $2,482,000
Cap Rate 5.50%
NOI $136,500
Lease Term 25 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1% annual rental increases
Year Built 2024
Building Size 2,500 SF (est.)
Lot Size 0.72 acres (31,363 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 25-YEAR ABSOLUTE NNN LEASE TO ICONIC QSR TENANT
» 25-year absolute NNN lease to one of the largest franchisees in the Taco Bell system
» Rare annual rental increases, providing an excellent long-term and secure money-generator
» No landlord management, an ideal opportunity for a local or out-of-area investor
» Leased to Tacala LLC, one of Taco Bell’s largest operators with over 350 units
» Taco Bell serves more than 42 million customers each week in the U.S.

HARD CORNER LOCATION ON CENTREVILLE’S PRIMARY RETAIL THOROUGHFARE
» High-visibility and easily accessible location on Walnut Street, Centreville’s primary retail thoroughfare, with access to 7,417 vehicles per day directly in front of the site.
» Strategically positioned at the signalized intersection of Walnut Street and Birmingham Road, with access to a combined 11,753 vehicles per day
» Located directly across the street from Bibb County High School, servicing 494 students in grades 9-12
» Located just half a mile away from the Bibb Medical Center, a 35-bed hospital employing 514 total staff, making it one of the largest employers in the area

CENTRAL LOCATION NEAR CENTREVILLE SCHOOLS AND COMMUNITY HUBS
» Average annual household income of $84,024 within one mile of the site
» Projected population and income increases within 5-, 10-, and 15-mile radii of the site, poising Taco Bell and Centreville for steady concurrent growth
» 18,218 residents live within 15 miles of the site, establishing a stable customer base for the site
» Centrally located near several Centreville Schools, community hubs and large employers including Bibb County High School (494 students), Brent Centreville Library, Bibb Medical Center (35 beds; 514 employees), Bibb County Board of Education, Bibb County Health Department and several others

NEW 2024 CONSTRUCTION BUILT TO LATEST TACO BELL PROTOTYPE
» New high-quality 2024 construction built to the latest Taco Bell prototype
» Site features covered patio seating and dedicated drive-thru for added customer convenience

Property Description

» High-visibility and easily accessible location on Walnut Street, Centreville’s primary retail thoroughfare, with access to 7,417 vehicles per day directly in front of the site
» This Taco Bell site is strategically positioned at the signalized intersection of Walnut Street and Birmingham Road, with access to a combined
11,753 vehicles per day
» The property is located directly across the street from Bibb County High School (494 students), providing Taco Bell with a consistent customer base
» Located less than one mile from Bibb Medical Center, a 35-bed hospital employing 514 total staff, one of the largest employers in the area
» Centreville sits between Birmingham and Montgomery, two of Alabama’s biggest cities, giving Taco Bell access to commuting traffic traveling between the two metropolitan areas
» Taco Bell has fantastic proximity to many critical traffic drivers including Bibb County High School (494 students), Brent Centreville Library, Bibb Medical Center, Bibb County Board of Education, Bibb County Health Department and many more
» Projected population and income increases within 5-, 10-, and 15-mile radii of the site, poising Taco Bell and Centreville for steady concurrent growth

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