1412 Wood Ave Florence, AL 35630-2102
- Drive through restaurants
- 2,470 SF
- 0.73 lot acres
May 21, 2021
Current Use by Public Records
- Taco Bell / Taco Restaurant / Fast Food Restaurant
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
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,890,000
- ML approach
- $1,850,000
Get a detailed, property-specific valuation — 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
