Menu
t r a n s l a t e

PRICE ADJUSTMENT | Church's Net Lease Investment | 7.5% Cap Rate

3171 Moffett Road
Mobile, AL 36607
PRICE : $650,000
CAP RATE: 7.5%
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 7.5% 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 Highway 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 years remaining on the initial lease term with an additional two 10-year renewal options on an original 18-year term. Nearby national retailers include McDonalds, Burger King, Pep Boys, Advance Auto Parts, Family Dollar and Auto Zone.

Request more information