New Taco Bell | 25-Yr NNN | 32,200 VPD | 40 Wasden Ln
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New Taco Bell | 25-Yr NNN | 32,200 VPD 40 Wasden Ln
2,500 SF Retail Building Hope Hull, AL 36043 $4,958,310 CAD ($1,983 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Extremely rare, 25-year base lease term | Nearly $5.2MM in guaranteed income | Average CAP of 5.93% (at List Price) over the base lease term
- Absolute NNN lease | Zero Landlord responsibilities
- Signalized, hard corner location with excellent access and visibility from Mobile Highway (aka Hwy 31) which sees ±32,200 VPD
- New construction asset with Taco Bell’s latest prototype
- Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
- Proximity to Hyundai’s first U.S. manufacturing and assembly plant (“HMMA”) | See page 9 of OM for more info
Executive Summary
PROPERTY HIGHLIGHTS
• Extremely rare, 25-year base lease term | Nearly $5.2MM in guaranteed income | Average CAP of 5.93% over the base lease term, assuming purchase at List Price
• New construction asset with Taco Bell’s latest prototype
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
• Signalized, hard corner location with excellent access and visibility from Mobile Highway (aka Hwy 31) which sees ±32,200 VPD
• Proximity to Hyundai’s first U.S. manufacturing and assembly plant (“HMMA”) | See page 9 for more info
• $1.6B assembly plant opened in 2005
• 1,744-acres and 3.4MM SF of manufacturing space
• 4,000 employees
• Supports 38,000 direct and indirect jobs in Alabama
• $5B in total economic impact per year
• Ideal QSR location right off the major intersection of I-65 and Highway 31 (sees a combined 75,120 VPD) and walking distance to 6 different hotels/inns and a large industrial area
• Adjacent to Starbucks, Burger King, and Fresenius | Across the street from McDonald’s, Valero, and Exxon
• Annual rent increases to provide a hedge against inflation
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands
• Extremely rare, 25-year base lease term | Nearly $5.2MM in guaranteed income | Average CAP of 5.93% over the base lease term, assuming purchase at List Price
• New construction asset with Taco Bell’s latest prototype
• Absolute NNN lease | Zero Landlord responsibilities
• Strong guarantee | Lease is backed by Tacala, LLC, an experienced and successful operator of 370+ Taco Bell locations across the Southeast and Texas
• Signalized, hard corner location with excellent access and visibility from Mobile Highway (aka Hwy 31) which sees ±32,200 VPD
• Proximity to Hyundai’s first U.S. manufacturing and assembly plant (“HMMA”) | See page 9 for more info
• $1.6B assembly plant opened in 2005
• 1,744-acres and 3.4MM SF of manufacturing space
• 4,000 employees
• Supports 38,000 direct and indirect jobs in Alabama
• $5B in total economic impact per year
• Ideal QSR location right off the major intersection of I-65 and Highway 31 (sees a combined 75,120 VPD) and walking distance to 6 different hotels/inns and a large industrial area
• Adjacent to Starbucks, Burger King, and Fresenius | Across the street from McDonald’s, Valero, and Exxon
• Annual rent increases to provide a hedge against inflation
• Industry-leading brand with over 8,200 locations across 30+ countries, serving over 40MM customers weekly in the U.S. alone
• Over $11.7B in global sales for Yum! Brands
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2024
Price
$4,958,310 CAD
Price Per SF
$1,983 CAD
Cap Rate
5.25%
NOI
$260,311 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.03 AC
Parking
29 Spaces (11.6 Spaces per 1,000 SF Leased)
Frontage
167 ft on Mobile Highway
Amenities
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Taco Bell
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Taco Bell | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 14-05-15-0-000-019.001 | Improvements Assessment | $0 CAD |
| Land Assessment | $124,920 CAD | Total Assessment | $124,920 CAD |
PROPERTY TAXES
Parcel Number
14-05-15-0-000-019.001
Land Assessment
$124,920 CAD
Improvements Assessment
$0 CAD
Total Assessment
$124,920 CAD
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Calvin Short -
Matt Coates -
Gary Chou -
Aron Cline -
Rad Werssowetz -
Berkeley Capital Advisors
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New Taco Bell | 25-Yr NNN | 32,200 VPD | 40 Wasden Ln
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