8 N Broad St - Fast Food FOR SALE


Mobile, AL 36602- Downtown Mobile
$993,586 USD
917-232-7868
8 N Broad St, Mobile, AL for Sale
$993,586 USD
Fast Food - FOR SALE
1/5
null | 7% Cap Rate

8 N Broad St
Mobile, AL 36602
Downtown Mobile


HIGHLIGHTS

  • Corporate Guarentee
  • 10% Rent Increases
  • Absolute NNN
  • 22,000+ AADT on North Broad Street

OVERVIEW

Vero Capital Group is pleased to present the exclusive offering of a single-tenant Checkers Drive-In Restaurant located at 8 North Broad Street in downtown Mobile, Alabama. The restaurant is operated directly by Checkers Drive-In Restaurants, Inc. on a corporate basis — and is subject to an absolute NNN lease with approximately 9.4 years of remaining term on the base period, plus two additional five-year renewal options extending the investment through 2045, providing investors with a passive ownership structure backed by corporate credit. The restaurant building was originally constructed in 1988, demonstrating a long-term operating history and sustained performance within its local trade area. The property features a well-located site within an established retail corridor at the signalized intersection of North Broad Street, one of downtown Mobile's busiest thoroughfares. The site benefits from strong visibility, convenient access, and proximity to major traffic drivers — including AADT of 22,000+ on North Broad Street, 23,000+ on Government Street, and close proximity to Interstate 10 — that support consistent customer demand. The surrounding area includes a mix of national retailers, regional businesses, and local service providers, including Walgreens, CVS Pharmacy, Winn-Dixie, and several competing quick-service restaurants, that generate steady daily traffic. With a long-term corporate lease in place featuring 10% rent increases every five years, the property presents an attractive opportunity to acquire a stable, cash-flowing quick-service restaurant investment backed by a nationally recognized brand.

FOR SALE DETAILS

PRICE

$993,586 USD

PRICE/SF

$812 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,834 SF

ZONING

-

APN/PARCEL ID

29-06-40-0-010-180

ASK ABOUT THIS PROPERTY

Jarett ZackmanVero Capital GroupMore Info
917-232-7868

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Jarett ZackmanVero Capital GroupMore Info
917-232-7868

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