Single-Tenant NNN
For Sale
Contact for pricing
30939 Mill Ln, Spanish Fort, AL 36527
Sonic for sale with a 20-year absolute triple-net sale-leaseback and scheduled annual rent increases.
Property Size1,463 SF
Lot Size1.01 Acres
Days on Market132
Property Features for 30939 Mill Ln
General Information
Standard status
Active
Size
1,463 SF
Lot size
1.01 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 5:43PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the exclusive offering for a Sonic located at 30939 Mill Lane in Spanish Fort, AL. The site is planned to include approximately 1,463 rentable square feet of building space on an estimated 1.01-acre parcel of land.
This property is subject to a 20-year absolute triple-net (NNN) sale-leaseback, commencing upon close of escrow. The initial annual rent is $104,500, scheduled to increase by 1.50% annually starting year two throughout the base term and in each of the four (4) five-year renewal options.
As structured, the agreement provides a long-duration NNN investment profile for the leased restaurant asset.
This property is subject to a 20-year absolute triple-net (NNN) sale-leaseback, commencing upon close of escrow. The initial annual rent is $104,500, scheduled to increase by 1.50% annually starting year two throughout the base term and in each of the four (4) five-year renewal options.
As structured, the agreement provides a long-duration NNN investment profile for the leased restaurant asset.
Key Highlights
- Sonic at 30939 Mill Lane, Spanish Fort, AL
- Approximately 1,463 rentable SF building on an estimated 1.01‑acre parcel
- 20‑year absolute triple‑net (NNN) sale‑leaseback commencing upon close of escrow
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
389k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Apparel 23%
Groceries 12%
Shops & Services 9%
Chick-fil-A
Dining
58,889 visits/mo
0.3 miles
Publix
Groceries
48,267 visits/mo
0.4 miles
Belk
Apparel
41,147 visits/mo
0.4 miles
Foosackly's
Dining
25,494 visits/mo
0.5 miles
Shoe Station
Apparel
25,089 visits/mo
0.4 miles
Demographics for 36527, AL
18,034
Population
7,621
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
426
Density / Sq Mi
$112,672
Median Household Income
$51,337
Median Earnings
$1,373
Median Rent
$348,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Sonic for sale with a 20-year absolute triple-net sale-leaseback and scheduled annual rent increases.
Where is this nnn property located?
The property is located at 30939 Mill Ln Spanish Fort, AL.
What are key features of this property?
This property features: Sonic at 30939 Mill Lane, Spanish Fort, AL; Approximately 1,463 rentable SF building on an estimated 1.01‑acre parcel; 20‑year absolute triple‑net (NNN) sale‑leaseback commencing upon close of escrow
