For Sale
$1,500,000

7581 Mobile Hwy Hope Hull, AL 36043

High-Yield, Long-Term NNN Lease in Alabama

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 3,322 square foot Burger King restaurant located at 7581 Mobile Hwy, Hope Hull, Alabama 36043. The property sits on a 0.9-acre lot with 37 parking spaces and boasts excellent visibility from Mobile Highway (approx. 22,330 vehicles per day) and proximity to I-65 (approx. 43,000 vehicles per day). Built in 2011, this Class B property is currently operating under a 20-year Absolute NNN lease with 14 years remaining, commencing October 29, 2018, and expiring October 31, 2038. The lease includes a 10% rent increase every five years. The current tenant, a franchisee, demonstrates strong performance, with a nearly 25% sales increase in 2023, resulting in a sub-7.5% rent-to-sales ratio. The property's Net Operating Income (NOI) is $90,000, yielding a 6.00% cap rate. The asking price is $1,500,000. This location benefits from a large commuter base, situated across from a significant industrial area and near a Hyundai manufacturing plant and Yellowhammer Park. The property's strategic location near six hotels/inns further enhances its appeal. The lease is backed by Bulldog Restaurants, LLC, a subsidiary of Starboard Group, a substantial operator of over 165 restaurants across eight states. This investment offers a passive income stream with significant upside potential, given the recent sales growth and the potential for exceeding percentage override thresholds. The property is 100% occupied and presents a compelling opportunity for long-term, stable returns.

Property Details for 7581 Mobile Hwy

Property type
Retail properties, Restaurants
Square Feet
3,322 SF
Class
B
Year Built
2011
Buildings
1
Lot Size (sq. ft)
39,204 SF
Units
1

Location Insight

City
Hope Hull
County
Montgomery
State
Alabama
Latitude
32.2708492
Longitude
-86.3560713
7581 Mobile Hwy, Hope Hull, Alabama

FAQs

What type of property is this?
Retail property - High-Yield, Long-Term NNN Lease in Alabama
Where is the retail property located?
The property is located at 7581 Mobile Hwy Hope Hull, AL.
What is the asking price?
The asking price for this property is $1,500,000.
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7581 Mobile Hwy
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