30941 Mill Ln - Freestanding FOR SALE


Spanish Fort, AL 36527
$2,670,000 USD
949-506-2009
30941 Mill Ln, Spanish Fort, AL for Sale
$2,670,000 USD
Freestanding - FOR SALE
1/6
null | 5.65% Cap Rate

30941 Mill Ln
Spanish Fort, AL 36527


HIGHLIGHTS

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Highway 181 & U.S. Highway 31 Convergence | 62,800 Combined VPD
  • Affluent Eastern Shore Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Daphne, Alabama. The tenant, Boersma Bros. LLC (dba Dutch Bros) recently signed a brand new 15-year lease, with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,670,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

B2

APN/PARCEL ID

32-08-27-0-000-002.249

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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