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321 S Greeno Rd
Fairhope, AL 36532
Sonic · Retail Property For Sale
Investment Highlights
- New 15 Year Absolute NNN Lease which commenced October 1, 2020
- High unit volume with increasing store revenue
- 10% rent increases every 5 years in base lease and option terms
- Operated by Quality Restaurant Group, 350+ Unit Multi-Brand Operator
- Located in fastest growing city and county in Alabama
- Full access with traffic counts exceeding 24,000 VPD
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,454 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.72 AC
Zoning
B2
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
65’ on Greeno Rd
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 46-05-16-0-000-028.733 | Improvements Assessment | $130,320 |
| Land Assessment | $115,720 | Total Assessment | $246,040 |
Property Taxes
Parcel Number
46-05-16-0-000-028.733
Land Assessment
$115,720
Improvements Assessment
$130,320
Total Assessment
$246,040
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