Retail Space /AL /Mobile County /Mobile /1461 Spring Hill Ave
Retail Space /AL /Mobile County /Mobile /1461 Spring Hill Ave

1461 Spring Hill Ave - Fast Food FOR SALE


Mobile, AL 36604- Lyons Park | 
$1,287,750 USD
661-904-9401
1461 Spring Hill Ave, Mobile, AL for Sale
$1,287,750 USD
Fast Food - FOR SALE
1/9
null | 6% Cap Rate
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1461 Spring Hill Ave
Mobile, AL 36604
Lyons Park

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HIGHLIGHTS

  • LONG TERM ABSOLUTE TRIPLE NET LEASE
  • OPERATED BY STRONG MULTI BRAND FRANCHISEE
  • CENTRALIZED LOCATION IN THE HEART OF MOBILE

OVERVIEW

PRICING - $1,287,750 CAP RATE - 6.00% NOI - $77,625 LEASE TERM / EXPIRATION - 18.5 YEARS (8/31/2043) OPTIONS / INCREASES - FOUR, FIVE (5) YEAR OPTIONS, 1.5% ANNUAL INCREASES GUARANTEE - QUALITY DRIVE- IN, LLC (62 UNITS)

FOR SALE DETAILS

PRICE

$1,287,750 USD

PRICE/SF

$926 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In | Mobile, AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

B-2

APN/PARCEL ID

29-07-25-0-005-272

ASK ABOUT THIS PROPERTY

James WatkinsCBREMore Info
661-904-9401

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James WatkinsCBREMore Info
661-904-9401

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