3225 Saint RdMobile, AL 36612

Property Details for 3225 Saint Rd

Year built

2015

Lot size

0.95 AC

Property size (Sq ft)

2,476 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 2,476 square foot Hardee's restaurant located at 3225 Saint Stephen's Road in Mobile, Alabama, 36612. The property, built in 2015 and boasting a 0.95-acre lot, benefits from a prime location just ten minutes from downtown Mobile. Currently operating under a 100% occupied, absolute triple-net (NNN) lease with a franchisee tenant, this asset offers significant long-term value. The lease commenced November 1st, 2023, and has a remaining term of 11 years, extending to November 30th, 2035, with two 5-year renewal options. Rent increases are built in, with a 7.5% bump every five years. The property generates a substantial net operating income (NOI) of $89,429, resulting in an attractive 7.50% cap rate. The asking price is $1,192,387, translating to $481.58 per square foot. The property sits on a corner lot on Saint Stephen's Road, a high-traffic area with over 24,000 vehicles passing daily. This Hardee's is operated by a subsidiary of Paradigm Investment Group, a significant operator with multiple locations across Alabama, Mississippi, and Tennessee, ensuring a stable and reliable tenant. Mobile, the third largest MSA in Alabama, offers a robust economy driven by aviation, oil & gas, and healthcare industries, further enhancing the investment's potential. This is a rare opportunity to acquire a high-performing, low-maintenance, and secure net lease investment in a thriving market.

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.7493

Longitude

-88.1141

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