702 Walnut St Centreville, AL 35042
- Retail properties
- 2,500 SF
- 0.72 lot acres
Current Use by Public Records
- Retail properties
Property Details for 702 Walnut St
- Year built
- 2024
- Lot size
- 0.72 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 2,500 square foot Taco Bell located at 702 Walnut St, Centreville, AL 35042. The property boasts a 25-year absolute NNN lease (commencing March 11, 2024, and expiring March 31, 2049) with a tenant, Tacala LLC, one of Taco Bell's largest franchisees, operating over 350 units. The lease includes attractive 1% annual rent increases, ensuring consistent income growth. The property sits on a 0.72-acre lot, built in 2024, and enjoys a high-visibility location on Walnut Street, a primary retail thoroughfare with significant daily traffic volume (7,417 vehicles directly in front and a combined 11,753 vehicles at the intersection with Birmingham Road). Its strategic position across from Bibb County High School (494 students) and proximity to Bibb Medical Center (a 35-bed hospital employing 514) provides a strong customer base. The property's Net Operating Income (NOI) is $137,865, resulting in a 5.75% cap rate, and the asking price is $2,398,000. This is a 1031 exchange eligible property, offering a secure, low-management investment with significant long-term potential, benefiting from projected population and income growth in the surrounding area. The property is easily accessible and benefits from its location between Birmingham and Montgomery, two major Alabama cities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centreville
- County
- Bibb
- State
- Alabama
- Longitude
- -87.1431
- Latitude
- 32.9445
