About This Restaurant
Investment Highlights
Brand New 20-Year Absolute Triple Net (NNN) Fee Simple Ownership Attractive Rental Increases
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Taco Bell located at1545 Clarence E Chestnut Jr Bypass, Centre, AL 35960. The site consists ofroughly 1,726 rentable square feet of building space on an estimated 0.57-acre parcel of land. This Taco Bell is subject to a 20 Years-year Triple Net(NNN) lease which will commence upon close of escrow. The annual rentwill be $129,975 and has scheduled increases of 1.50% Annually.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,726
- Building Class C
- Year Built 2015
- Price 2,260,435
- Price Per SF 1,310
- Cap Rate 5.75
- NOI 129,975
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.57 AC
Property Taxes
| Parcel Number | 14-07-25-2-000-002.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,320 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 1545 Chestnut Byp , Centre, Alabama, 35960 | ||