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2859 Memorial Pky NW
Huntsville, AL 35810
Taco Bell | 25-Year Abs NNN Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 25-year absolute NNN to Taco Bell, the world’s largest Mexican-inspired restaurant chain
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- Taco Bell serves over two billion customers each year
- Annual 1% rent increases deliver steady growth through the initial term and six (6) five-year options
- Lease to Tacala LLC, one of Taco Bell’s largest operators with over 350 units
- In 2024, Taco Bell experienced strong growth, including a milestone $1 billion in profit and increases in both U.S. and international sales
EXECUTIVE SUMMARY
Prime Retail Location: High-visibility and easily accessible location near the signalized intersection of Memorial Parkway(U.S. Route 431) and Sparkman Drive (U.S. Route 72), which experiences a combined traffic count of 63,817 vehicles per day. Reliable Tenancy: In 2024, Taco Bell experienced strong growth, including a milestone $1 billion in profit and significant increases in both U.S. and international sales. Strong Demographic Base: The five-mile radius serves a populous region of 113,733, with an average annual household income of $83,905. Excellent Traffic Drivers: The property is surrounded by a vibrant mix of local and national retailers that drive Huntsville’s primary economic activity and resides 3.5 miles from Huntsville Hospital (881 beds, 20,000+ employees), one of Alabama’s largest employers. Zero Management Responsibilities: Absolute NNN lease
structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Taco Bell and Huntsville for steady concurrent growth.
structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Taco Bell and Huntsville 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
2025
Price
$2,600,000
Price Per SF
$1,040
Cap Rate
5.25%
NOI
$136,500
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Parking
28 Spaces (11.2 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 14-06-23-4-000-039.003 | Improvements Assessment | $0 |
| Land Assessment | $43,560 | Total Assessment | $43,560 |
PROPERTY TAXES
Parcel Number
14-06-23-4-000-039.003
Land Assessment
$43,560
Improvements Assessment
$0
Total Assessment
$43,560
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