3843 Airport Blvd - Fast Food FOR SALE


Mobile, AL 36608- Bolton
$3,684,850 USD
631-807-2342
3843 Airport Blvd, Mobile, AL for Sale
$3,684,850 USD
Fast Food - FOR SALE
1/4
null | 5.2% Cap Rate

3843 Airport Blvd
Mobile, AL 36608
Bolton


HIGHLIGHTS

  • Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
  • Large Sized Parcel and Drive-Thru Equipped – The parcel is just under 1-acre and is equipped with a drive-thru, along with ample parking spaces.
  • The property is situated in a Dense Food Corridor, along Airport Blvd which sees over 60,000 cars per day.
  • Attractive Annual Rent Increases
  • RARE Double Lease Guarantee by 2 of the Largest Franchisees in the Country

OVERVIEW

Silber Investment Properties is excited to Exclusively bring this Absolute NNN Taco Bell to the market. Taco Bell operates under a long-term lease with approximately 10 years remaining on the base term and three additional 5 year renewal options, providing long term stability and predictable cash flow. The lease includes 1% annual rental increases, offering investors a hedge against inflation and steadily growing income. Taco Bell recently exercised an early 5 year lease extension, while renovating the building, demonstrating their long term commitment to the site. The property has a Rare Double Guarantee, both from the previous operator, Southeast QSR LLC, and the current operator, B&G Food Enterprises, LLC, one of the largest and fastest growing Taco Bell franchisees, currently with over 215 Locations.

FOR SALE DETAILS

PRICE

$3,684,850 USD

PRICE/SF

$1,309 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Taco Bell | Mobile AL | 10 Years Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

None

APN/PARCEL ID

28-07-26-1-000-006.001

ASK ABOUT THIS PROPERTY

Stuart FrankelSilber Investment Properties, LTDMore Info
631-807-2342

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Stuart FrankelSilber Investment Properties, LTDMore Info
631-807-2342

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