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    3941 Airport Blvd Mobile, AL 36608

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    For Sale
    $2,401,568

    NNN leased Red Lobster with long term corporate guarantee.

    Property size:
    8,226 SF
    Lot size:
    1.64 Acres

    Property Features for 3941 Airport Blvd

    General Information

    Size
    8,226 SF
    Lot size
    1.64 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Red Lobster NNN Investment Opportunity

    The property features approximately 8,226 rentable square feet of building space on an estimated 1.66-acre parcel of land. Subject to an absolute triple-net (NNN) lease that commenced on 7/01/2016, the Red Lobster offers a long-term investment opportunity. The lease has approximately 15 years remaining. The annual rent will be $166,909 in August 2024 and is scheduled to increase by 2.00% annually throughout the base term and continuing through four, 5-year options. The lease is backed by a Red Lobster corporate guarantee, encompassing over 700 restaurants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Tasty Dream, LLC, Dorie's Catering & To Go's, Full Of Grace Catering, Wcnn Catering Service, Battle Table

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1460494
    Latitude
    30.6755092

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    FAQs

    What type of property is this?
    Restaurant - NNN leased Red Lobster with long term corporate guarantee.
    Where is this restaurant located?
    The property is located at 3941 Airport Blvd Mobile, AL.
    What is the asking price?
    The asking price for this property is $2,401,568.
    What are key features of this property?
    This property features: - Long-term absolute triple-net (NNN) lease offers a hands-off investment.; - Approximately 15 years remaining on the lease providing stable income.; - Attractive 2% annual rental increases boost your return.
    (332) 345-2408
    Request Owner's contact information
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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
    3941 Airport Blvd Mobile, AL 36608
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