Investment Highlights

NEW 25-YEAR ABSOLUTE NNN LEASE TO MASSIVE QSR TENANT
» 25-year absolute NNN lease to iconic QSR tenant
» Rare annual rental increases, providing an excellent hedge against inflation
» No landlord management, making this an ideal opportunity for an out-of-area investor
» Leased to Tacala LLC, one of Taco Bell’s largest operators with over 330 units
» Taco Bell serves more than 42 million customers each week in the U.S., with annual sales projected to reach $15 billion by the end of 2022
» High-quality 2022 construction built to the latest Taco Bell prototype, featuring covered patio seating and a dedicated drive-thru for added customer convenience

HIGH-VISIBILITY LOCATION ALONG MAJOR NORTH-SOUTH ALABAMA THOROUGFARE
» Conveniently located along U.S. Route 231/South Oates Street, a major north-south thoroughfare leading to the Gulf of Mexico with excellent visibility and access to 26,885 vehicles per day
» Beneficial proximity to Ross Clark Circle, Dothan’s beltway and primary economic hub (32,123 vehicles per day)
» Shadow-anchored by Walmart Supercenter and immediately surrounded by major traffic-driving
tenants such as Lowe’s Home Improvement, Publix, McDonald’s, Sonic Drive-In, Burger King, Zaxby’s, Arby’s, Tidal Wave (under development), and many more
» Four miles from Southeast Health Medical Center, Dothan’s largest employer (420 beds, 2,322 employees)

POPULOUS LOCATION IN HIGH-GROWTH AND RAPIDLY
EXPANDING SUBURB
» 58,117 residents live within five miles of the property, creating a stable customer base for the site
» In a list of the fastest-growing cities in Alabama complied by Stacker, Dothan ranks 10th in the state and ranks as the 8th largest city in Alabama
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Taco Bell and Dothan for steady concurrent growth
» Officials in Dothan have kicked off a $4 million project to build a 100,000-SF speculative building in Sam Houston Industrial Park. This project represents the fifth speculative building developed in the Dothan area to spur economic activity, with the size of buildings varying in size from 40,000 SF to 100,000 SF

Property Description

SOLD

» This Taco Bell is conveniently located along U.S. Route 231/South Oates Street, a major north-south thoroughfare leading to the Gulf of Mexico with excellent visibility and access to 26,885 vehicles per day
» The property features beneficial proximity to Ross Clark Circle, Dothan’s beltway and primary economic hub (32,123 vehicles per day)
» Located in a strong retail corridor, the property is shadow-anchored by Walmart Supercenter and immediately surrounded by major traffic-driving tenants such as Lowe’s Home Improvement, Publix, McDonald’s, Sonic Drive-In, Burger King, Zaxby’s, Arby’s, Tidal Wave (under development), and many more, creating significant crossover shopping
» The site greatly benefits from its proximity four miles from Southeast Health Medical Center, Dothan’s largest employer (420 beds, 2,322 employees)
» One of the fastest-growing cities in Alabama according to Stacker, Dothan ranks 10th in the state and ranks as the 8th largest city in Alabama
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Taco Bell and Dothan for steady concurrent growth