Freestanding NNN Sonic Restaurant

1461 Spring Hill Ave, Mobile, AL

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For Sale

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Single-tenant QSR property with long-term lease and passive income.

Type:RETAIL

Property size:

1,422 SF

Lot size:

0.58 Acres

Price / SF:

$808/SF

HighLights

Absolute NNN lease for completely passive income.
Long‑term lease with approximately 18 years remaining.
Tenant is Sonic, a reliable national QSR tenant.
Attractive 6.72% capitalization rate on a Net Operating Income of $77,268.
Contractual 1.5% annual rental increases.
Below‑average rent for a Sonic location.

We can help!

Listing Contact

Edan Shalom

For Sale

Contact for pricing

Single-tenant QSR property with long-term lease and passive income.

Type:RETAIL

Property size:

1,422 SF

Lot size:

0.58 Acres

Price / SF:

$808/SF

Added:: Oct 20, 2025
Days on Market:: 236
Last Refresh:: May 20 at 8:25 pm

Property Features for 1461 Spring Hill Ave

General Information

Standard status: Active
Size: 1,422 SF
Lot size: 0.58 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Edan Shalom

Listing agent Edan Shalom License #BR02033047

Listing office Centennial Advisers

Listing date Oct 20, 2025

Source Moodyscre

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 Centennial Advisers

HighLights

Absolute NNN lease for completely passive income.
Long‑term lease with approximately 18 years remaining.
Tenant is Sonic, a reliable national QSR tenant.
Attractive 6.72% capitalization rate on a Net Operating Income of $77,268.
Contractual 1.5% annual rental increases.
Below‑average rent for a Sonic location.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Sonic Drive-In Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Mobile
County: Mobile
State: Alabama
Longitude: -88.0717
Latitude: 30.692

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For sale
Drive through restaurants
AL
Mobile
1461 Spring Hill Ave

What type of property is this?

Drive through restaurant - Single-tenant QSR property with long-term lease and passive income.

Where is this drive through restaurant located?

The property is located at 1461 Spring Hill Ave Mobile, AL.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Absolute NNN lease for completely passive income.; Long‑term lease with approximately 18 years remaining.; Tenant is Sonic, a reliable national QSR tenant.

1461 Spring Hill Ave, Mobile, AL

Single-tenant QSR property with long-term lease and passive income.

Property Features for 1461 Spring Hill Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Tenant Office Building For Sale

Freestanding Medical Office on Hillcrest

Multi-Suite Office Building

Two Triplex Buildings

Hillcrest Road Commercial Opportunity

Retail Cottage with Flexible Use

Updated Office Complex in Mobile

Mobile Office Building For Sale

Midtown 9-Unit Apartment Complex

Six-Unit Apartment Income Building

Former Pizza Hut Restaurant Building

Commercial Property with Established Tenant

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