1461 Spring Hill Ave Mobile, AL 36604
Single-tenant QSR property with long-term lease and passive income.
Property size:
1,422 SFLot size:
0.58 AcresProperty Features for 1461 Spring Hill Ave
General Information
- Size
- 1,422 SF
- Lot size
- 0.58 Acres
Source:
Moodyscre
Listing Agent: Edan Shalom
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Freestanding NNN Sonic Restaurant
The property at 1461 SpringHill Avenue in Mobile, AL, is a single-tenant quick-service restaurant (QSR) property. The freestanding building has a size of approximately 1,422 square feet and is situated on a lot of approximately 25,047 square feet. The property is fully occupied by Sonic under an absolute NNN lease. With approximately 18 years of lease term remaining, this asset offers a long-term passive income stream with zero landlord responsibilities. The investment is secured by an absolute NNN lease structure, which protects ownership from all operating expenses, including taxes, insurance, and maintenance. The property generates a current Net Operating Income of $77,268, providing a capitalization rate of 6.72%. The lease features contractual 1.5% annual rental increases. The tenant has four 5-year options to extend. The current monthly rent is $6,439. This location is a more affordable and sustainable occupancy for the tenant, enhancing tenant retention and providing added security for long term income stability. This offering represents an ideal opportunity for a 1031 exchange buyer or a private investor seeking a management-free asset with a long-term lease, guaranteed income, and embedded rental upside.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sonic Drive-In
Fast Food Restaurant
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.0717239
- Latitude
- 30.6919822
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FAQs
What type of property is this?
Drive through restaurant - Single-tenant QSR property with long-term lease and passive income.
Where is this drive through restaurant located?
The property is located at 1461 Spring Hill Ave Mobile, AL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - Absolute NNN lease for completely passive income.; - Long-term lease with approximately 18 years remaining.; - Tenant is Sonic, a reliable national QSR tenant.