US-43 Woodward Ave & Blake Ave Muscle Shoals, AL 35674

Property Details for US-43 Woodward Ave & Blake Ave

Year built

2024

Lot size

0.98 lot acres

Property size

2,800 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 2,800 square foot Taco Bell restaurant in Muscle Shoals, Alabama. Located on a 0.98-acre lot at the northeast corner of US-43 (Woodward Ave) and Blake Ave, this property boasts a prime, hard-corner location with excellent visibility and access, benefiting from over 35,000 vehicles per day on US-43. The property features 27 parking spaces and is situated adjacent to the new $65 million Muscle Shoals Sportsplex, a 66-acre development encompassing various recreational facilities and retail space. The absolute NNN lease with Taco Bell, backed by Tacala, LLC, an experienced operator of over 370 locations, provides a strong guarantee of $4.8 million in guaranteed income over the 25-year lease term, expiring November 30, 2049. The lease includes annual 1% rent bumps, offering inflation protection. The property's strong location is further enhanced by its proximity to major retailers, including Lowe's, Rural King, Publix, and numerous restaurants and hotels, as well as Northwest-Shoals Community College. The current Net Operating Income (NOI) is $170,170, resulting in a 5.25% cap rate. This Class B property offers a secure, passive income stream with minimal landlord responsibilities, making it an ideal addition to any investment portfolio. The sale price is $3,241,000. The lease includes six, 5-year renewal options. The building was constructed in 2024 and is currently 100% occupied.

Location Insight

City

Muscle Shoals

County

Colbert

State

Alabama

Longitude

-87.6677

Latitude

34.7129