This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Taco Bell 1412 N Wood Ave

2,724 SF Retail Building Florence, AL 35630 $2,720,361 CAD ($999 CAD/SF) 5.75% Cap Rate

Investment Highlights

  • Tacala LLC – With over 360 restaurants located throughout the Southeastern United States, Tacala is known as the nation's leading Taco Bell franchisee
  • Abs NNN Long Term Lease – Over ±20 years remaining on the base term of the absolute NNN lease, featuring 1% annual rental increases.
  • Recently Renovated – This location underwent renovations in 2019 upgrading to the modern look of the franchise, and highlighting a drive-thru.
  • Heavy Traffic Counts – Sitting off one of the busiest intersections in Bowling Green seeing over ±13,010 VPD.
  • No Landlord Responsibilities – True passive income with no landlord responsibilities.
  • Strategically Located – The site is located only ±0.8 miles away from the University of North Alabama (10,600 students).

Executive Summary

Broker of Record
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,724 SF
Building Class
C
Year Built
2019
Price
$2,720,361 CAD
Price Per SF
$999 CAD
Cap Rate
5.75%
NOI
$156,421 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.52 AC
Zoning
C - Commercial
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • $51.17 CAD
  • Net
  • -

Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - $51.17 CAD Net -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-02-03-4-002-027.000
Land Assessment
$28,379 CAD
Improvements Assessment
$0 CAD
Total Assessment
$28,379 CAD
  • Listing ID: 33252260

  • Date on Market: 2024-09-20

  • Last Updated:

  • Address: 1412 N Wood Ave, Florence, AL 35630

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}