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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

10 Wasden Rd Montgomery, AL 36105

2,500 SF 1.03 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 2,500 SF
Lot 1.03 ac (44,867 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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