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Taco Bell | Near Auburn University 1365 Donahue dr 2,600 SF 100% Leased Retail Building Auburn, AL 36832 $2,650,000 ($1,019.23/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term 25-year absolute NNN lease with 23 years of initial term remaining
- 1.5 miles north of Auburn University (34,000+ students)
- AHHI exceeds $107,000 and population is expected to grow 6% by 2030 within a 1-mile radius
- Largest Taco Bell franchisee with 370+ units
- Directly across new Plains High School (2,000+ students) and a proposed grocery anchored development
- Built-in customer base surrounded by 9,000+ lots that were recently developed, approved, proposed or under construction
EXECUTIVE SUMMARY
TSCG is pleased to offer for sale a newly constructed Taco Bell in Auburn, AL. The Property is strategically located near the intersection of North Donahue Dr and Shug Jordan Pkwy (35,000+ combined VPD), 1.5 miles north of Auburn University (34,000+ students). Northern Auburn is seeing tremendous growth with a plethora of homes recently built, under construction and proposed in the immediate area. Within a 1-mile radius, the AHHI exceeds $107,000 and the population is expected to grow more than 6% by 2030. The lease features a 25-year initial term with 23 years remaining.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,600 SF
Year Built
2023
Price
$2,650,000
Price Per SF
$1,019.23
Cap Rate
5%
NOI
$132,511
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
1.43 AC
Parking
30 Spaces (11.54 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Taco Bell | Near Auburn University | 1365 Donahue dr
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