Taco Bell Spanish Fort,Alabama

$3,175,000
Closed Single-Tenant
Property type:Single-Tenant Net Lease

The space

  • Listing Price: $3,175,000
  • NOI: $198,450
  • Cap Rate: 6.25%
  • Lease Type: Triple Net (NNN)
  • Guarantor: Franchisee Guarantee
  • Rentable Square Feet: 2,284
  • Lot Size: 0.59 Acres
  • Year Built: 2008

Description

30500 AL-181 F
Spanish Fort, Alabama 36527

Investment Highlights

  • Tenant Has Been in Place for Over 14 Years
  • Triple Net (NNN) Lease With Four, Five-Year Tenant Renewal Options
  • Property Includes Drive-Thru Lane
  • Southeast QSR Operates Approximately 55 Units
  • Located on State Highway 181 With a Traffic Count of More Than 34,600 Vehicles Daily and Off Interstate 10 With 62,097 Vehicles Daily
  • Average Household Income in One Mile is $111,961, and $109,908 in Three Miles
  • Outparcel to Eastern Shore Centre, a 540,000-Square-Foot Mall, Lifestyle Center and Entertainment District | Tenants in Eastern Shore Centre Include Dillard’s, Ann Taylor Loft, Kirkland’s, Belk, Men’s Wearhouse, Barnes & Nobles, Spanish Fort Premiere Movie Theater, and Eastern Shore Lanes Bowling Alley
  • Other Surrounding National Brands Include Lowe’s, Sam’s Club, Publix, Ross, Michael’s, Old Navy, Planet Fitness, Anytime Fitness, Ashley HomeStore, Kirkland’s, Best Buy, T-Mobile, Verizon, Olive Garden, Cracker Barrel, Walgreens, CVS, Home2 Suites by Hilton, Holiday Inn Express, Best Western Plus, Comfort Inn and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell in Spanish Fort, Alabama. This Taco Bell has been in place for over 14 years and offers a triple net lease with four, five-year tenant renewal options. This location is operated by Southeast QSR, an experienced franchisee with 55 Taco Bell locations. Taco Bell has been successfully operating from this location since 2008.

This Taco Bell is located on State Highway 181 with a traffic count of more than 34,600 vehicles daily, and off Interstate 10 with 62,097 vehicles daily. The average household income in one mile is $111,961, and $109,908 in three miles.

The subject property is an outparcel to Eastern Shore Centre, a 540,000-square-foot Mall, Lifestyle Center and Entertainment District. Tenants in Eastern Shore Centre include Dillard’s, Ann Taylor Loft, Kirkland’s, Belk, Men’s Wearhouse, Barnes & Nobles, Spanish Fort Premiere Movie Theater, and Eastern Shore Lanes Bowling Alley. Other surrounding national brands include Lowe’s, Sam’s Club, Publix, Ross, Michael’s, Old Navy, Planet Fitness, Anytime Fitness, Ashley HomeStore, Kirkland’s, Best Buy, T-Mobile, Verizon, Olive Garden, Cracker Barrel, Walgreens, CVS, Home2 Suites by Hilton, Holiday Inn Express, Best Western Plus, Comfort Inn and Many More

The property is centrally located in the Mobile metro area – 13 miles from Mobile and the Port of Mobile, one of the largest deep-water ports in the nation, 13 Miles from the University of South Alabama which has more than 5,500 employees and serves 14,224 students, and less than 14 miles from Bishop State Community College with an enrollment of 2,846 students across four campuses, and Alabama State University with 4,072 students.

Broker of Record

Eddie Greenhalgh
Broker of Record
(205) 510-9200
Lic #: 000088298-0

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