Sonic Drive-In | Mobile, AL 1461 Spring Hill Ave 1,391 SF Retail Building Mobile, AL 36604 $1,287,750 ($925.77/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

LONG TERM ABSOLUTE TRIPLE NET LEASE
CENTRALIZED LOCATION IN THE HEART OF MOBILE

OPERATED BY STRONG MULTI BRAND FRANCHISEE

EXECUTIVE SUMMARY

PRICING - $1,287,750
CAP RATE - 6.00%
NOI - $77,625
LEASE TERM / EXPIRATION - 18.5 YEARS (8/31/2043)
OPTIONS / INCREASES - FOUR, FIVE (5) YEAR OPTIONS, 1.5% ANNUAL INCREASES
GUARANTEE - QUALITY DRIVE- IN, LLC (62 UNITS)

Sonic - Mobile, AL

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

1,391 SF

Building Class

Year Built/Renovated

1998/2001

Price

$1,287,750

Price Per SF

$925.77

Cap Rate

NOI

$77,265

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

0.58 AC

Zoning

B-2 - Commercial

Parking

21 Spaces (15.1 Spaces per 1,000 SF Leased)

Frontage

131’ on Spring Hill Ave

Dedicated Turn Lane

Pylon Sign

Drive Thru

Accommodation and Food Services
99,999 SF
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For more than 60 years, SONIC, America’s Drive-In has built a dominant position in the drive-in restaurant business. SONIC did it by sticking to what made drive-ins so popular in the first place: made-to-order American classics, signature menu items, speedy service from friendly Carhops and heaping helpings of fun and personality. SONIC is part of the Inspire Brands family of restaurants.