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1412 N Wood Ave
Florence, AL 35630

$1,919,234 USD

Restaurant For Sale  •  2,724 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,724 SF
  • Lot Size 0.52 AC
  • Building Class C
  • Year Built 2019
  • Cap Rate 5.75 %
  • Tenancy Single
  • Zoning C
0 Transit Score
68 Walk Score

Highlights

Tacala LLC – With over 360 restaurants located throughout the Southeastern United States, Tacala is known as the nation's leading Taco Bell franchisee
Heavy Traffic Counts – Sitting off one of the busiest intersections in Bowling Green seeing over ±13,010 VPD.
Abs NNN Long Term Lease – Over ±20 years remaining on the base term of the absolute NNN lease, featuring 1% annual rental increases.
No Landlord Responsibilities – True passive income with no landlord responsibilities.
Recently Renovated – This location underwent renovations in 2019 upgrading to the modern look of the franchise, and highlighting a drive-thru.
Strategically Located – The site is located only ±0.8 miles away from the University of North Alabama (10,600 students).
Cap Rate: 5.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Taco Bell

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 33
Type: Surface
Included in Rent: Yes
Clay Smith 214-692-2216 Matthews Real Estate Investment Services
Clay Smith 214-692-2216 Matthews Real Estate Investment Services