Taco Bell | 25-Year Absolute NNN Lease | 702 Walnut St
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Taco Bell | 25-Year Absolute NNN Lease 702 Walnut St
2,500 SF Retail Building Centreville, AL 35042 $3,368,423 CAD ($1,347 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 25-year absolute NNN lease to one of the largest franchisees in the Taco Bell system
- No landlord management, an ideal opportunity for a local or out-of-area investor
- Taco Bell serves more than 42 million customers each week in the U.S.
- Rare annual rental increases, providing an excellent long-term and secure money-generator
- Leased to Tacala LLC, one of Taco Bell’s largest operators with over 350 units
Executive Summary
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.
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.
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
$3,368,423 CAD
Price Per SF
$1,347 CAD
Cap Rate
5.75%
NOI
$193,656 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.72 AC
PROPERTY TAXES
| Parcel Number | 15-07-26-4-000-077-0030 | Improvements Assessment | $40,802 CAD |
| Land Assessment | $14,356 CAD | Total Assessment | $55,158 CAD |
PROPERTY TAXES
Parcel Number
15-07-26-4-000-077-0030
Land Assessment
$14,356 CAD
Improvements Assessment
$40,802 CAD
Total Assessment
$55,158 CAD
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Power Broker Michael Yuras -
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Taco Bell | 25-Year Absolute NNN Lease | 702 Walnut St
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