Turn-Key Restaurant Franchise
For Sale
$400,000
1390 Tingle Circle East, Mobile, AL 36606
Established franchise restaurant for sale in high-traffic Mobile location.
Property Size2,500 SF
Price / SF$160
Days on Market271
Property Features for 1390 Tingle Circle East
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Building Details
Building Size
2,500 SF
Listing Agency:
SVN Toomey Property Advisors
(251) 680-3663
Listed By:
Justin Toomey · License #MS #22847
(251) 680-3663
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 18
Last Checked: Aug 18 at 5:39AM
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 SVN Toomey Property Advisors
Investment Insights
Based on property information with market context.
This Dickey’s Barbecue Pit is a turn-key franchise opportunity located in a high-traffic area of Mobile, AL. The property is situated next to a new Dave & Buster’s development and is surrounded by TopGolf, Costco, Dick’s Sporting Goods, Publix, Sprouts Farmers Market, The Shoppes at Bel Air, and the McGowin Park Shopping Center. The location benefits from over 30,000 vehicles passing daily on Government Boulevard. The fully operational restaurant includes a trained staff, equipped kitchen, and a loyal customer base. The property is positioned in one of Mobile’s rapidly growing commercial districts, near major retailers, entertainment venues, and employers. Mobile serves as the economic hub of the Mobile MSA, which has a population of 411,640, and is driven by the Port of Mobile, Airbus, and a thriving healthcare sector. The property is 2500 square feet and has gross sales over $100,000 per month.
Key Highlights
- High‑traffic location with over 30,000 vehicles passing daily on Government Boulevard
- Located next to Dave & Buster’s, TopGolf, Costco, Dick’s Sporting Goods, Publix, and other major retailers
- Gross sales over $100,000 per month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,091
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,820
$661.8K
Cap Rate 7%
$472,729
$472.7K
Cap Rate 9%
$367,678
$367.7K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.3K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $13.24/SF
Area
Mobile, AL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,820
Cap Rate 7%
$472,729
Cap Rate 9%
$367,678
Alternative Uses
Best Use
Specialty Retail
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$472.7K
$413.6K – $551.5K
NOI $33,091 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Full Of Grace Catering — 2453 Commercial Park Dr, Mobile, AL 36606
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Frequently Asked Questions
What type of property is this?
Restaurant - Established franchise restaurant for sale in high-traffic Mobile location.
Where is this restaurant located?
The property is located at 1390 Tingle Circle East Mobile, AL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: High‑traffic location with over 30,000 vehicles passing daily on Government Boulevard; Located next to Dave & Buster’s, TopGolf, Costco, Dick’s Sporting Goods, Publix, and other major retailers; Gross sales over $100,000 per month
