Restaurant
First Watch
725 Schillinger Rd S, Mobile, AL 36695
Listing Price: $3,915,000
Investment Overview
Prime Retail Location
Across from Walmart and Target, Anchored Shopping Centers
Located on Main Retail Corridor with Several Major Retailers such as Walmart, Lowe’s Home Improvement, Chick-fil-A, At Home, Hobby Lobby, Rouses Market, Ulta Beauty, Wawa, Kohl’s, and Many More
Large Lot of 1.37 Acres Provides Ample Space for 98 Parking Stalls
Strong Corporate Guarantee
Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
First Watch is the Leading Daytime Dining Concept Serving Made to Order Breakfast, Brunch, and Lunch with More Than 630+ Locations
Publicly Traded (NASDAQ: FWRG) with Over $1 Billion in Annual Revenue
Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Pride of Ownership Mobile, AL
Affluent Area with the Average Household Income Exceeding $90,000 Within 5 Miles
High Density with Over 121,000 Residents Within 5 Miles
Less Than 1 Mile From Mobile Regional Airport, which Sees Over 1 Million Annual Travelers
Mobile Is Alabama’s Fourth-Largest City With 430,000+ Metro Residents and Major Expansion Projects Underway
Investment Highlights
- New Corporate Guaranteed 15-Year Lease First Watch
- Located on the Corner of a Signalized Intersection with Traffic Counts Exceeding 29,000 CPD
- Outparcel to Home Depot and Across from Schillinger Shopping Center, Anchored by Target and CVS, Creating Strong Tenant Synergy and Consistent Daily Traffic
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Financing By
Listing Price: $3,915,000
Investment Highlights
- New Corporate Guaranteed 15-Year Lease First Watch
- Located on the Corner of a Signalized Intersection with Traffic Counts Exceeding 29,000 CPD
- Outparcel to Home Depot and Across from Schillinger Shopping Center, Anchored by Target and CVS, Creating Strong Tenant Synergy and Consistent Daily Traffic
Investment Overview
Prime Retail Location Across from Walmart and Target, Anchored Shopping Centers Located on Main Retail Corridor with Several Major Retailers such as Walmart, Lowe’s Home Improvement, Chick-fil-A, At Home, Hobby Lobby, Rouses Market, Ulta Beauty, Wawa, Kohl’s, and Many More Large Lot of 1.37 Acres Provides Ample Space for 98 Parking Stalls Strong Corporate Guarantee Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market First Watch is the Leading Daytime Dining Concept Serving Made to Order Breakfast, Brunch, and Lunch with More Than 630+ Locations Publicly Traded (NASDAQ: FWRG) with Over $1 Billion in Annual Revenue Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation Pride of Ownership Mobile, AL Affluent Area with the Average Household Income Exceeding $90,000 Within 5 Miles High Density with Over 121,000 Residents Within 5 Miles Less Than 1 Mile From Mobile Regional Airport, which Sees Over 1 Million Annual Travelers Mobile Is Alabama’s Fourth-Largest City With 430,000+ Metro Residents and Major Expansion Projects Underway
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Financing By