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    1113 S US Highway 31 Bay Minette, AL 36507

    Source: https://www.saltercompany.com
    For Sale
    $774,821

    Profitable Seafood Restaurant Investment Opportunity

    Property size:
    2,344 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a 2,344 square foot Shrimp Basket restaurant located at 1113 S US Highway 31, Bay Minette, AL 36507. The property sits on a 0.36-acre lot and is part of an 18-unit seafood chain, entirely owned and operated by the Artistry Restaurant Group. This specific location benefits from a long-term net lease, commencing August 1, 2016, and extending until July 31, 2030 – representing seven years remaining on the 14-year lease term. The restaurant features an outdoor dining patio, a key element of the Shrimp Basket brand's design. The property's strategic location boasts an AADT of 495, indicating significant traffic volume and potential customer base. This turnkey investment offers a stable income stream with a well-established brand and a proven track record within the thriving Southeastern restaurant market. The asking price is $774,821. This is a rare chance to acquire a piece of a successful, established restaurant chain with substantial remaining lease term. The property is offered as a net lease, minimizing the owner's operational responsibilities. Serious inquiries only.

    Property Features for 1113 S US Highway 31

    General Information

    Property type
    Restaurants
    Square Feet
    2,344 SF
    Price / Square Foot
    $330
    Elevators
    N/A
    Lot Size
    15,895 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Bay Minette location on US Highway 31 with high traffic counts (AADT: 495).
    • Strong, established tenant: 18‑unit corporate‑owned seafood chain with a proven track record.
    • Long‑term lease with 7 years remaining, providing secure, passive income until 2030.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Clothing Store Department Store Food Market Storage Facility Grocery Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    State
    Alabama
    Longitude
    -87.776747
    Latitude
    30.864432

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    FAQs

    What type of property is this?
    Restaurant - Profitable Seafood Restaurant Investment Opportunity
    Where is this restaurant located?
    The property is located at 1113 S US Highway 31 Bay Minette, AL.
    What is the asking price?
    The asking price for this property is $774,821.
    What are key features of this property?
    This property features: Prime Bay Minette location on US Highway 31 with high traffic counts (AADT: 495).; Strong, established tenant: 18-unit corporate-owned seafood chain with a proven track record.; Long-term lease with 7 years remaining, providing secure, passive income until 2030.
    (850) 564-0120
    Request Owner's contact information
    1113 S US Highway 31 Bay Minette, AL 36507
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    Bay Minette, AL 36507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1113 S US Highway 31 Bay Minette, AL 36507
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