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Taco Bell 935 N Daleville Ave 2,358 SF Retail Building Daleville, AL 36322 $1,244,000 ($527.57/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- This restaurant was originally built in 1990 and underwent substantial renovation in 2013.
- Population in a 5 mile radius is approximately 16,000.
- Lease on this property expires October 11, 2033 and it has 1% annual rent bumps.
EXECUTIVE SUMMARY
This investment is a great opportunity for investors to create a stream of passive income, with zero landlord responsibility. Originally constructed in 1990, this building
has undergone significant renovations in 2013. The current lease term on this property runs through October 11, 2033 and increases 1% in rent annually. Along with six
remaining options to extend the lease of 5-years each. The property is currently leased to Tacala, LLC, the largest Taco Bell franchisee in the United States! Tacala, LLC
operates over 350 Taco Bell locations across 7 states.
has undergone significant renovations in 2013. The current lease term on this property runs through October 11, 2033 and increases 1% in rent annually. Along with six
remaining options to extend the lease of 5-years each. The property is currently leased to Tacala, LLC, the largest Taco Bell franchisee in the United States! Tacala, LLC
operates over 350 Taco Bell locations across 7 states.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,358 SF
Building Class
C
Year Built/Renovated
1990/2013
Price
$1,244,000
Price Per SF
$527.57
Cap Rate
6%
NOI
$74,653
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Frontage
130’ on Daleville Ave
PROPERTY TAXES
| Parcel Number | 13-06-14-1-000-005.0000 | Improvements Assessment | $3,000 |
| Land Assessment | $97,260 | Total Assessment | $100,260 |
PROPERTY TAXES
Parcel Number
13-06-14-1-000-005.0000
Land Assessment
$97,260
Improvements Assessment
$3,000
Total Assessment
$100,260
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Taco Bell | 935 N Daleville Ave
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