30765 Mill Ln - Fast Food FOR SALE
Daphne, AL 36527 |
$2,583,000 USD
480-718-5555
30765 Mill Ln
Daphne, AL 36527
HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years
- TENANT | GUARANTORS: The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction)
- DENSE RETAIL CORRIDOR | STRONG SALES PERFORMANCE: Close proximity to Sam’s Club, Lowe’s, Ross, World Market, Best Buy, Michaels, Publix, etc
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.09-acre lot with outstanding exposure & direct access on AL-181/Mill Ln
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 41,257 | Average Household Income (1MI): $129,007
FOR SALE DETAILS
PRICE
$2,583,000 USD
PRICE/SF
$1,003 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
POPEYES – SPANISH FORT, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
C/5830
APN/PARCEL ID
32-08-27-0-000-002.238
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480-718-5555
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480-718-5555
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