1461 Spring Hill Ave - Fast Food FOR SALE


Mobile, AL 36604- Lyons Park
$1,150,000 USD
714-423-8922
1461 Spring Hill Ave, Mobile, AL for Sale
$1,150,000 USD
Fast Food - FOR SALE
1/19
null | 6.72% Cap Rate

1461 Spring Hill Ave
Mobile, AL 36604
Lyons Park


HIGHLIGHTS

  • 20-Year Absolute NNN Lease with 18 Years Remaining and No Landlord Responsibilities
  • 1.5% Annual Rent Increases Through Primary Term and Options
  • Attractive In-Place Yield with Market Upside
  • Corporate Guarantee from a 130+ Unit Operator
  • Freestanding Retail Asset on a Large Corner Parcel
  • Strategic Infill Location in a Dense Retail Corridor

OVERVIEW

1461 SpringHill Avenue is a single-tenant QSR property located in Mobile, AL. This ±1,422 SF freestanding building is situated on a generous ±25,047 SF lot and is fully occupied by Sonic under an absolute NNN lease. With approximately 18 years of term remaining, this asset offers a secure, long-term passive income stream with zero landlord responsibilities. For an investor seeking a stable, hands-off asset with a reliable national tenant, this property provides a durable cash |ow foundation in a well-established commercial corridor. The investment is secured by an absolute NNN lease structure, which insulates ownership from all operating expenses, including taxes, insurance, and maintenance, creating a truly passive investment vehicle. The property generates a current Net Operating Income of $77,268, providing an attractive in-place capitalization rate of 6.72% at the list price of $1,150,000. The lease features contractual 1.5% annual rental increases, providing a consistent hedge against in|ation and predictable income growth. The tenant has four (4), 5-year options to extend, underscoring their long-term commitment to this proven location. The current monthly rent of $6,439 is below the national average rent paid by Sonic stores across the U.S., positioning this location as a more affordable and sustainable occupancy for the tenant. This favorable rent-to-market dynamic enhances tenant retention and provides added security for long term income stability. This offering represents an ideal opportunity for a 1031 exchange buyer or a private investor seeking a management-free asset with a long-term lease, guaranteed income, and embedded rental upside.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$827 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

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

Kyle KirkCentennial AdvisersMore Info
714-423-8922

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Kyle KirkCentennial AdvisersMore Info
714-423-8922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.