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4721 Airport Boulevard - Regency Square Shopping Center - Applebee's, Mobile, AL

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4721 Airport Boulevard - Regency Square Shopping Center - Applebee's

Airport & S. University
Mobile, AL 36608-3145 - West Mobile Submarket

(1.0 MB)

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:2000
Building Size:4,847 SF Land Area:1.14 AC (49,658 SF)
Smallest Space:4,847 SF Largest Space:4,847 SF Total Space Avail:4,847 SF Rent/SF/Yr:
Negotiable
Parking:Free Surface spaces are available
Features:Bus Line, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
4,847 SF
Negotiable
30 Days
Negotiable
Retail
 
10398130
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
4,847 SF
Negotiable
30 Days
Negotiable
Retail

Sale Notes:
On behalf of ownership, Marcus & Millichap exclusively presents the opportunity to acquire this fee simple interest to Applebee' s in Mobile, Alabama. 16.5 years remain on the tenant' s Absolute NNN 20-year lease with zero landlord responsibilities. Built in 2000, the well-maintained location is guaranteed by RMH Franchise Holdings, Inc. and features 1.5% annual rent increases. The Franchisee/Guarantor is RMH Franchise Corporation, headquartered in Lincoln, Nebraska. RMH Franchise Corporation is the 2nd largest Applebee' s franchise, operating 176 Applebee' s locations in 15 states. The franchisee continues to grow with its most recent acquisition in summer 2015 of 33 Applebee' s restaurants located in Indiana and Ohio.


JLL
Buff Teague
(251) 341-1600 x2



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