3225 Saint Rd Mobile, AL 36612
- Retail properties
- 2,476 SF
- 0.95 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3225 Saint Rd
- Year built
- 2015
- Lot size
- 0.95 lot acres
- Property size
- 2,476 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 2,476 square foot Hardee's restaurant located at 3225 Saint Stephen's Road in Mobile, Alabama, 36612. The property, built in 2015 and boasting a 0.95-acre lot, benefits from a prime location just ten minutes from downtown Mobile. Currently operating under a 100% occupied, absolute triple-net (NNN) lease with a franchisee tenant, this asset offers significant long-term value. The lease commenced November 1st, 2023, and has a remaining term of 11 years, extending to November 30th, 2035, with two 5-year renewal options. Rent increases are built in, with a 7.5% bump every five years. The property generates a substantial net operating income (NOI) of $89,429, resulting in an attractive 7.50% cap rate. The asking price is $1,192,387, translating to $481.58 per square foot. The property sits on a corner lot on Saint Stephen's Road, a high-traffic area with over 24,000 vehicles passing daily. This Hardee's is operated by a subsidiary of Paradigm Investment Group, a significant operator with multiple locations across Alabama, Mississippi, and Tennessee, ensuring a stable and reliable tenant. Mobile, the third largest MSA in Alabama, offers a robust economy driven by aviation, oil & gas, and healthcare industries, further enhancing the investment's potential. This is a rare opportunity to acquire a high-performing, low-maintenance, and secure net lease investment in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1141
- Latitude
- 30.7493
