Restaurant

Church's Chicken

7751 Moffett Rd, Mobile, AL 36618

Listing Price: $846,832

Cap Rate
8.00%
Tenant Name
Church's Chicken
Years Remaining On Lease
3.9
Gross SF
1,899
Guarantor
Franchisee Guarantee
Rentable SF
1,899
Price/Gross SF
$445.94
Lease Type
Absolute Net
Rent Per Square Feet
$35.68

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a NNN-leased Church's Chicken in Mobile, Alabama. The current tenant, Cajun Realty LLC, is paying rent per the lease agreement, however the tenant is not currently operating at this location. Cajun Realty is on an absolute net lease that stipulates 1.5 percent annual rent increases and expires in December 2024. The property consists of a 1,899-square foot restaurant with a drive-thru that was constructed in 1986 on a 0.57-acre lot. The offering is located along US Highway 98 / SR-42, where traffic volume exceeds 26,000 cars per day. This is an excellent retail location, as the property is adjacent to a recently renovated McDonald's, a Burger King, and additional tenants within a quarter-mile include Walmart, Pizza Hut, Arby’s, Days Inn, Domino’s, Little Caesars, Waffle House, Dollar Tree, and more.

Investment Highlights

  • NNN-leased restaurant with a drive-thru
  • Current tenant is paying rent per the lease agreement, which expires in December 2024, however tenant is not operating at this location
  • Located along US Highway 98 / SR-42, where traffic volume exceeds 26,000 cars per day
  • Strong retail location adjacent to a recently renovated McDonald's and a Burger King. Other tenants within a quarter-mile include Walmart, Pizza Hut, Arby's, Days Inn, Domino's, Little Caesars, Waffle House, Dollar Tree, and more

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $846,832

Cap Rate
8.00%
Tenant Name
Church's Chicken
Years Remaining On Lease
3.9
Gross SF
1,899
Guarantor
Franchisee Guarantee
Rentable SF
1,899
Price/Gross SF
$445.94
Lease Type
Absolute Net
Rent Per Square Feet
$35.68

Investment Highlights

  • NNN-leased restaurant with a drive-thru
  • Current tenant is paying rent per the lease agreement, which expires in December 2024, however tenant is not operating at this location
  • Located along US Highway 98 / SR-42, where traffic volume exceeds 26,000 cars per day
  • Strong retail location adjacent to a recently renovated McDonald's and a Burger King. Other tenants within a quarter-mile include Walmart, Pizza Hut, Arby's, Days Inn, Domino's, Little Caesars, Waffle House, Dollar Tree, and more

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a NNN-leased Church's Chicken in Mobile, Alabama. The current tenant, Cajun Realty LLC, is paying rent per the lease agreement, however the tenant is not currently operating at this location. Cajun Realty is on an absolute net lease that stipulates 1.5 percent annual rent increases and expires in December 2024. The property consists of a 1,899-square foot restaurant with a drive-thru that was constructed in 1986 on a 0.57-acre lot. The offering is located along US Highway 98 / SR-42, where traffic volume exceeds 26,000 cars per day. This is an excellent retail location, as the property is adjacent to a recently renovated McDonald's, a Burger King, and additional tenants within a quarter-mile include Walmart, Pizza Hut, Arby’s, Days Inn, Domino’s, Little Caesars, Waffle House, Dollar Tree, and more.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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