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30765 Mill Ln
Daphne, AL 36527
POPEYES – SPANISH FORT, AL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction)
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.09-acre lot with outstanding exposure & direct access on AL-181/Mill Ln
- TENANT | GUARANTORS: The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama
- DENSE RETAIL CORRIDOR | STRONG SALES PERFORMANCE: Close proximity to Sam’s Club, Lowe’s, Ross, World Market, Best Buy, Michaels, Publix, etc
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 41,257 | Average Household Income (1MI): $129,007
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,575 SF
Building Class
B
Year Built
2021
Price
$2,583,000
Price Per SF
$1,003.11
Cap Rate
6%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.09 AC
Zoning
C/5830 - Trade/Fast Food/Restaurant
PROPERTY TAXES
| Parcel Number | 32-08-27-0-000-002.238 | Improvements Assessment | $141,420 |
| Land Assessment | $139,400 | Total Assessment | $280,820 |
PROPERTY TAXES
Parcel Number
32-08-27-0-000-002.238
Land Assessment
$139,400
Improvements Assessment
$141,420
Total Assessment
$280,820
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