935 N Daleville Ave - Fast Food FOR SALE


Daleville, AL 36322
$1,244,000 USD
775-348-5220
935 N Daleville Ave, Daleville, AL for Sale
$1,244,000 USD
Fast Food - FOR SALE
1/8
null | 6% Cap Rate

935 N Daleville Ave
Daleville, AL 36322


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,244,000 USD

PRICE/SF

$528 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

13-06-14-1-000-005.0000

ASK ABOUT THIS PROPERTY

Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

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Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.