3060 S McKenzie St, Foley, AL

Listing agent Patrick Nutt License #FL BK3120739

Listing office SRS Real Estate Partners | Fort Lauderdale Show Phone

Listing date Apr 15, 2025

Source Moodyscre

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All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Fort Lauderdale

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Overview

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.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Foley

County

Baldwin

State

Alabama

Longitude

-87.6841

Latitude

30.3694

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FAQs

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.