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Church's Net Lease Investment | 6.5% Cap Rate

3171 Moffett Road
Mobile, AL 36607
PRICE : $735,000
PROPERTY TYPE: Retail
SITE SIZE: 0.33 Acres
BUILDING SIZE: 1,390 SF
YEAR BUILT: 1980

Highlights

  • Freestanding Church’s Chicken
  • Absolute NNN leased investment property
  • Landlord has zero responsibilities
  • Corporate guarantee
  • Store is part of the Mobile MSA within 10 miles from the CBD
  • 1.5% annual rent increases
  • Options periods also have 1.5% annual rent increases
  • Chain nationwide has over $1 Billion dollars in sales
  • One the largest quick service chicken restaurants in the country
  • Store has successfully operated at this location since 1980

Description

Opportunity to acquire a 6.5% cap rate Church’s Chicken store. Absolute NNN leased property with zero landlord responsibility and a corporate guarantee. The property is well located at traffic light corner along HWY 98 a major thoroughfare in Mobile which is traveled by over 32,000 vehicles per day. The store has excellent visibility. The tenant has approximately 7.5 years remaining on the initial lease term with an additional two 10-year renewal options of an original 18-year term. Nearby national retailers include McDonalds, Burger King, Pep Boys, Advance Auto, Family Dollar and Auto Zone.

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