Established Restaurant Property For
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3060 S McKenzie St, Foley, AL
Restaurant property with a long-term lease and expansion potential.
Property Size7,128 SF
Lot Size1.50 Acres
Price / SF$571.41
Days on Market517
Property Features for 3060 S McKenzie St
General Information
Standard status
Active
Size
7,128 SF
Lot size
1.50 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | Fort Lauderdale
(954) 703-3600
Listed By:
Patrick Nutt · License #FL BK3120739
(954) 302-7365
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Sep 2
Last Checked: Sep 13 at 8:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Fort Lauderdale
Investment Insights
Based on property information with market context.
This property is currently occupied by a restaurant tenant who recently signed a new 15-year lease, with options to extend for four additional 5-year periods, indicating a strong commitment to the location. The lease includes 10% rent increases every 5 years throughout the initial term and at the start of each option period. The tenant, First Watch (NASDAQ: FWRG), is a rapidly growing restaurant chain with over 540 locations in 29 states. The property has a size of 7,128 square feet and is located in Foley, AL.
Key Highlights
- Brand new 15‑year lease demonstrates tenant commitment.
- 10% rent increases every 5 years provide increasing income.
- Tenant is First Watch (NASDAQ: FWRG), a rapidly expanding restaurant chain.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Balanced
Demand for This Use
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Restaurant property with a long-term lease and expansion potential.
Where is this breakfast & diner located?
The property is located at 3060 S McKenzie St Foley, AL.
What is the asking price?
The asking price for this property is $4,073,000.
What are key features of this property?
This property features: Brand new 15‑year lease demonstrates tenant commitment.; 10% rent increases every 5 years provide increasing income.; Tenant is First Watch (NASDAQ: FWRG), a rapidly expanding restaurant chain.
