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Taco Bell | Mobile AL | 10 Years Remaining 3843 Airport Blvd 2,816 SF Retail Building Mobile, AL 36608 $3,684,850 ($1,308.54/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
- The property is situated in a Dense Food Corridor, along Airport Blvd which sees over 60,000 cars per day.
- RARE Double Lease Guarantee by 2 of the Largest Franchisees in the Country
- Large Sized Parcel and Drive-Thru Equipped – The parcel is just under 1-acre and is equipped with a drive-thru, along with ample parking spaces.
- Attractive Annual Rent Increases
EXECUTIVE SUMMARY
Silber Investment Properties is excited to Exclusively bring this Absolute NNN Taco Bell to the market.
Taco Bell operates under a long-term lease with approximately 10 years remaining on the base term and three additional 5 year renewal options, providing long term stability and predictable cash flow. The lease includes 1% annual rental increases, offering investors a hedge against inflation and steadily growing income.
Taco Bell recently exercised an early 5 year lease extension, while renovating the building, demonstrating their long term commitment to the site.
The property has a Rare Double Guarantee, both from the previous operator, Southeast QSR LLC, and the current operator, B&G Food Enterprises, LLC, one of the largest and fastest growing Taco Bell franchisees, currently with over 215 Locations.
Taco Bell operates under a long-term lease with approximately 10 years remaining on the base term and three additional 5 year renewal options, providing long term stability and predictable cash flow. The lease includes 1% annual rental increases, offering investors a hedge against inflation and steadily growing income.
Taco Bell recently exercised an early 5 year lease extension, while renovating the building, demonstrating their long term commitment to the site.
The property has a Rare Double Guarantee, both from the previous operator, Southeast QSR LLC, and the current operator, B&G Food Enterprises, LLC, one of the largest and fastest growing Taco Bell franchisees, currently with over 215 Locations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,816 SF
Building Class
C
Year Built/Renovated
2011/2020
Price
$3,684,850
Price Per SF
$1,308.54
Cap Rate
5.20%
NOI
$191,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.98 AC
Zoning
None
Parking
35 Spaces (12.43 Spaces per 1,000 SF Leased)
Frontage
92’ on Airport Blvd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-07-26-1-000-006.001 | Improvements Assessment | $196,000 |
| Land Assessment | $102,460 | Total Assessment | $298,460 |
PROPERTY TAXES
Parcel Number
28-07-26-1-000-006.001
Land Assessment
$102,460
Improvements Assessment
$196,000
Total Assessment
$298,460
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Taco Bell | Mobile AL | 10 Years Remaining | 3843 Airport Blvd
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