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3171 Moffett Road - Church's Chicken, Mobile, AL

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3171 Moffett Road - Church's Chicken

Mobile, AL 36607 - West Mobile Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1980
Building Size:1,390 SF Land Area:.33 AC (14,375 SF)
For Sale Price:$650,000 Price/SF:$467.63
Cap Rate:7.50 %
Parking:Free Surface spaces are available; Ratio of 7.91/1,000 SF
Features:Pylon Sign, Signage, Drive Thru

This Church’s Chicken is located on Highway 98 (Moffett
Road), a major thoroughfare in Mobile, Alabama less than
one half mile from Interstate 65. The site is immediately
surrounded by Burger King, McDonald’s and Exxon. Also
located nearby are Hollywood Video, AutoZone, Greer’s
Food Tiger, J&J Furniture and Family Dollar. In addition to
these retailers, there are a number of local merchants
located in the immediate area.

Sale Notes:
Opportunity to acquire a 7.5% cap rate Church’s Chicken store. Absolute NNN leased property with zero landlord responsibility and a corporate guarantee. The property is well located at traffic light corner along Highway 98, a major thoroughfare in Mobile, which is traveled by over 32,000 vehicles per day. The store has excellent visibility. The tenant has approximately 7 years remaining on the initial lease term with an additional two 10-year renewal options on an original 18-year term. Nearby national retailers include McDonalds, Burger King, Pep Boys, Advance Auto Parts, Family Dollar and Auto Zone.

• Freestanding Church’s Chicken
• Absolute NNN leased investment property
• Landlord has zero responsibilities
• Corporate guarantee
• Store is part of the Mobile MSA within 10 miles from the CBD
• 1.5% annual rent increases
• Options periods also have 1.5% annual rent increases
• Chain nationwide has over $1 Billion dollars in sales
• One the largest quick service chicken restaurants in the country
• Store has successfully operated at this location since 1980

For more information, please contact Michael Bull or Peter Paglio.

Bull Realty Inc.
Michael Bull
(404) 876-1640

Peter M Paglio
(404) 876-1640

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