Current Use by Public Records
- Retail properties & Spaces
Property Details for 1566 Hwy
- Year built
- 2024
- Lot size
- 0.56 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed, 2,445 square foot Taco Bell located in Ozark, Alabama, at 1566 South Highway 231, zip code 36105. The property sits on a 0.56-acre lot and benefits from a 25-year absolute NNN lease commencing September 30, 2024, and expiring October 31, 2049. The lease includes annual 1% rent bumps, providing inflation protection. The tenant, Tacala, LLC, is a highly credit-rated operator of over 370 Taco Bell locations, guaranteeing nearly $4.6 million in income over the lease term. The property boasts a 5.25% cap rate and a strong NOI of $169,000. This Class B retail building is part of a thriving retail center, situated across from a Walmart Supercenter and near numerous other national retailers, including Wendy's, Zaxby's, Applebee's, and more. The location enjoys excellent visibility and accessibility from Highway 231, a major thoroughfare with nearly 20,000 vehicles per day, connecting Montgomery to Florida. The property's proximity to Dale Medical Center, Alabama Aviation College, and a dense concentration of retail and restaurants further enhances its value and potential for long-term growth. The lease offers six, five-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant and significant long-term income potential. The asking price is $3,219,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Dale
- State
- Alabama
- Longitude
- -86.2768
- Latitude
- 32.2334
