5163 Carmichael Rd
Montgomery, AL 36106
NNN Taco Bell - 10 YRS. Remaining - 6.25% CAP · Retail Property For Sale

The subject property is located at 5163 Carmichael Road in Montgomery, AL. This Taco Bell is a 2,336-square-foot Freestanding building, which sits on a 0.94 acre parcel of land. This investment is a 20 year absolute NNN lease with 10+ years remaining on the primary term of the lease and four (5) year renewal options. The property is located directly off of I-85 and has signage visible in both directions from the Interstate. This is a fantastic net lease investment opportunity for any single tenant retail net lease investor or as a 1031 replacement. The operator, Tacala Companies, is the largest Taco Bell franchisee in the United States. The operating entity of this particular store, Tacala LLC, operates 100 Taco Bell units. The next 7% rental increase is scheduled for January of 2020 taking this deal to a 6.69% cap rate. Nearby retailers include Wells Fargo Bank, Waffle House, Hampton, Inn, La Quinta Inn, Ruby Tuesday, Burger King and Chevron Station. Montgomery Alabama is a growing economic community; it is the center for state and regional government, a major military setting and an extensive service industry. The city is a wholesale and distribution gateway to the southeast as well as the 22-county central Alabama area.