1412 Wood Ave Florence, AL 35630-2102
Property Lookup
Property profile & analytics
1412 Wood Ave Florence, AL 35630-2102
- Drive through restaurants
- 2,470 SF
- 0.73 lot acres
Property ID
US03-3160789
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 1412 Wood Ave
- Year built
- 1998
- Lot size
- 0.73 lot acres
- Property size
- 2,470 SF
- Zone code
- 2
- Property type
- Drive through restaurants
- APN
- 24-02-03-4-002-027-000
- APU
- 2402034002027000
Description
This exceptional investment opportunity presents a 2,724 square foot Taco Bell franchise located at 1412 N Wood Ave, Florence, Alabama 35630. The property sits on a 0.57-acre lot (APN: 24-02-03-4-002-027.000) and boasts a strong historical occupancy rate. The absolute NNN lease with Tacala LLC, a leading Southeastern US Taco Bell franchisee, has over 20.5 years remaining, featuring 1% annual rent increases. The property underwent renovations in 2019, showcasing a modern design and drive-thru. The $1,919,234 asking price reflects a 5.75% cap rate and a current NOI of $110,356. Benefiting from a high-traffic location near a major intersection (over 13,010 vehicles per day) and approximately 0.8 miles from the University of North Alabama, this property offers exceptional long-term growth potential within a thriving market. The Shoals region's expanding industrial, educational, and healthcare sectors contribute to a stable and growing customer base. This is a truly passive income investment with no landlord responsibilities. Multiple access points off N Wood Ave and Indiana Ave ensure ease of access for customers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,890,000
- ML approach
- $1,850,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Lauderdale
- State
- Alabama
- Longitude
- -87.681
- Latitude
- 34.8206
- CBSA code
- 22520
- CBSA name
- FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,535
$20,340
$0.00
$20,340
-
$101,700
$565,060
$666,760
