Property Details for 10 Wasden Rd

Year built

2024

Lot size

1.03 lot acres

Property size

2,500 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 2,500 square foot Taco Bell restaurant built in 2024, situated on a 1.03-acre lot in Hope Hull, Alabama. The property boasts a 25-year absolute NNN lease with a corporate guarantee from Tacala, LLC, an operator of over 370 Taco Bell locations. The lease features annual 1% rent bumps, providing inflation protection, and six 5-year renewal options extending to December 31, 2049. The property generates a strong NOI of $183,625, representing a 5.25% cap rate based on the asking price of $3,498,000. The location benefits from high visibility on a signalized corner of Mobile Highway (Hwy 31), experiencing approximately 32,200 vehicles per day, and proximity to Interstate 65, adding to its significant traffic exposure. The site also enjoys excellent access and visibility, with convenient parking for 29 vehicles. Furthermore, its strategic location near Hyundai's manufacturing plant and numerous hotels, businesses, and other QSRs, including Starbucks, Burger King, McDonald's, and more, ensures consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a long-term, secure lease backed by a financially strong tenant in a prime location. The property is 100% occupied and offers a significant return on investment.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Longitude

-86.2768

Latitude

32.2334