Single-Tenant NNN
30939 Mill Ln Spanish Fort, AL 36527
For Sale
Contact for pricing
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 Market104
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: Jul 23
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
Location Intelligence
Current Use by Public Records
Sonic Drive-In
Restaurant
FAQs
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
