1461 Spring Hill Ave Mobile, AL 36604

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.