This exceptional investment opportunity presents a 6,836 square foot, NNN-leased Juicy Crab restaurant located at 3250 Airport Blvd, Unit B6, Mobile, AL 36606. The property sits on a 1.25-acre lot and is an outparcel to Springdale Shopping Center, consistently ranking in the top 4% nationally for shopping center visits. The Juicy Crab enjoys prime visibility on Airport Blvd (54,400 VPD) and convenient access to I-65 (92,600 VPD), benefiting from high traffic volume. Built in 2006 and renovated in 2021, this restaurant boasts strong sales and a 4.5-star Google rating. The current lease, expiring March 31, 2031, includes a 10% rent increase every five years, with the next increase scheduled for April 2026, and a five-year option. The property benefits from a strong surrounding demographic, including over 19,700 college students within 4 miles and 2,650 hotel rooms within a 5-minute drive. Mobile's thriving tourism and robust port activity further enhance the location's appeal. The asking price is $2,200,000, with a current NOI of $165,000 and a 7.50% cap rate. This presents a compelling opportunity for investors seeking a stable, high-performing asset in a prime location. The property's strong tenant, favorable lease terms, and strategic location combine to offer a secure and potentially lucrative investment.
Highlights
Significant rent increases are scheduled for April 2026 (10%) and April 2031 (10%).
Triple-net lease; no landlord responsibilities.
Outparcel to a high-performing Springdale shopping center anchored by a top-performing Sam's Club.
Springdale is a top-performing shopping center nationally and in Alabama, drawing 6.8 million annual visitors.
The Juicy Crab boasts strong sales, a 4.5-star Google rating, and a prime location in a busy dining area.
Strong cross-shopping potential with national co-tenants including Crunch Fitness, Conn's HomePlus, Ulta Beauty, Marshalls, Sam's Club, Burlington, and Shoe Station.
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Contacts
Michael Brewster
Tommy Isola
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3250 Airport Blvd, Mobile, Alabama, 36606
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3250 Airport Blvd
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