Skip to main content

Restaurant

Sonny's BBQ Sale-Leaseback | Historic Performing Location

770 Schillinger Rd S, Mobile, AL 36695

Listing Price: $3,769,751

Cap Rate
5.25%
Tenant Name
ACG BBQ, LLC
Guarantor
Franchisee Guarantee
Rentable SF
6,569
Lease Type
Absolute Net
Rent Per Square Feet
$30.13

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Sonny’s BBQ Restaurant located at 770 Schillinger Road South, Mobile, AL. The property is fully renovated, features a full service drive-thru and consists of 6,569 rentable square feet of building space and sits on an approximately 1.21 acre parcel of land. ACG BBQ, LLC is offering a 15-year Absolute NNN lease, the starting base rent shall be $197,912 with four (4), five-year tenant renewal options with 1.00% annual escalations through the initial term and each option period (35-Year total term). The is located in a strong retail corridor surrounded by national and local tenants, shopping centers, regional hospital and hospitality accommodations. Located on an out-parcel to the Target shopping center, the subject property is surrounded with the following major tenants in the immediate area; The Home Depot, Walmart, AMC Theatre, Ross Dress for Less, Lowe’s, Walgreens, Kohl’s, Planet Fitness, as well as Chick-Fil-A, Wendy’s, Zaxby’s, Chili’s, and Panera Bread. This Sonny’s BBQ Restaurant also benefits from its proximity to the Mobile Regional Airport, an international shipping port and the University of South Alabama.

Investment Highlights

  • Limited family style traditional BBQ competition in the immediate and surrounding markets
  • Tenant Renewal Options: Four (4) Five (5) year options, Thirty-Five (35) Year Total Term
  • Long-Term Experienced Ownership with History of Success and Future Growth Plan
  • Access to Growing International Airport and Worldwide Shipping Port

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Sonny's BBQ Sale-Leaseback | Historic Performing Location

Listing Price: $3,769,751

Cap Rate
5.25%
Tenant Name
ACG BBQ, LLC
Guarantor
Franchisee Guarantee
Rentable SF
6,569
Lease Type
Absolute Net
Rent Per Square Feet
$30.13

Investment Highlights

  • Limited family style traditional BBQ competition in the immediate and surrounding markets
  • Tenant Renewal Options: Four (4) Five (5) year options, Thirty-Five (35) Year Total Term
  • Long-Term Experienced Ownership with History of Success and Future Growth Plan
  • Access to Growing International Airport and Worldwide Shipping Port

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Sonny’s BBQ Restaurant located at 770 Schillinger Road South, Mobile, AL. The property is fully renovated, features a full service drive-thru and consists of 6,569 rentable square feet of building space and sits on an approximately 1.21 acre parcel of land. ACG BBQ, LLC is offering a 15-year Absolute NNN lease, the starting base rent shall be $197,912 with four (4), five-year tenant renewal options with 1.00% annual escalations through the initial term and each option period (35-Year total term). The is located in a strong retail corridor surrounded by national and local tenants, shopping centers, regional hospital and hospitality accommodations. Located on an out-parcel to the Target shopping center, the subject property is surrounded with the following major tenants in the immediate area; The Home Depot, Walmart, AMC Theatre, Ross Dress for Less, Lowe’s, Walgreens, Kohl’s, Planet Fitness, as well as Chick-Fil-A, Wendy’s, Zaxby’s, Chili’s, and Panera Bread. This Sonny’s BBQ Restaurant also benefits from its proximity to the Mobile Regional Airport, an international shipping port and the University of South Alabama.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower