About This Restaurant
Investment Highlights
Brand New 20-Year Absolute Triple Net (NNN) | Lease to be Signed at Closing Fee Simple Ownership | Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years Attractive Rental Increases | 1.50% Annual Rental Increases
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Taco Bell located at519 Cleveland Ave, Attalla, AL 35954. The site consists of roughly 2,358rentable square feet of building space on an estimated 0.5-acre parcel ofland. This Taco Bell is subject to a 20 Years-year Triple Net (NNN) leasewhich will commence upon close of escrow. The annual rent will be $126,196and has scheduled increases of 1.50% Annually.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 2,358
- Building Class C
- Year Built 2011
- Price 2,294,473
- Price Per SF 973
- Cap Rate 5.50
- NOI 126,196
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.50 AC
Property Taxes
| Parcel Number | 16-01-02-3-000-002.000 | Improvements Assessment | $880 |
| Land Assessment | $0 | Total Assessment | $880 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 519 Cleveland Ave , Attalla, Alabama, 35954 | ||