1511 Us Highway 98 - Fast Food FOR SALE
Daphne, AL 36526 |
1511 Us Highway 98
Daphne, AL 36526
HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations
- TENANT | GUARANTORS: Ram-Z Roost is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama.
- The lease is further guaranteed by Ram-Z Restaurant Group includes 42 Freddy’s restaurants (including those currently under construction)
- TRAFFIC COUNTS: Across the street from Target, positioned on a ±0.74-acre lot with great visibility on US-98
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 43,092 | Average Household Income (1MI): $128,942
- STRONG SALES PERFORMANCE: Successfully open and operating since 2023 with an attractive 8.03% Rent to Sales Ratio!
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
POPEYES – DAPHNE, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
2250
STORIES
1
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
43-04-20-2-000-064.002
