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27409843
27409844

935 N Daleville Ave, Daleville, AL 36322

TB
NV BS0045259
Marcus & Millichap - Reno
Listed by Marcus & Millichap - Reno
$1,230,000
238 days on market
Updated 40 days ago

Taco Bell

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,358
Cap Rate 6.25%
NOI $76,915
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/29/2033
Remaining Term 7.2
Lease Options 6 remaining options (5) years each
Price per SqFt $522
Broker Co-Op Yes
Year Built 1990
Year Renovated 2013
Acreage 0.750
Investment Type Net Lease
Lease Commencement 08/31/2013
Ownership Fee Simple

Retail | 6.25% CAP | 2,358 SqFt

Marketing description

*NOI is based on rent increase due for August 1, 2026. Seller shall credit buyer rent differential of $63.46 per month from close of escrow to July 31, 2026

This investment is a great opportunity for investors to create a stream of passive income, with zero landlord responsibility. Originally constructed in 1990, this building has undergone significant renovations in 2013. The current lease term on this property runs through October 11, 2033 and increases 1% in rent annually. Along with six remaining options to extend the lease of 5-years each. The property is currently leased to Tacala, LLC, the largest Taco Bell franchisee in the United States! Tacala, LLC operates over 350 Taco Bell locations across 7 states.

Investment highlights

  • This restaurant was originally built in 1990 and underwent substantial renovation in 2013

  • Lease on this property expires October 11, 2033 and it has 1% annual rent bumps.

  • Population in a 5 mile radius is approximately 16,000.

Listing Contacts

TB
NV BS0045259
Marcus & Millichap - Reno
Listed by Marcus & Millichap - Reno

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$76,915.00
$6,409.58/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Edwin "Eddie" Greenhalgh
License
AL 0000882980
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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