NNN Investment - 6% CAP - Starbucks - Moe's

Retail-Commercial for Sale
Catylist Listing ID: 30216813
Property Subtypes: Street Retail
Building Size (RSF): 4,245 SF
Gross Building Area: See Agent
Sale Price: $2,468,100
Unit Price: $581.41 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Starbucks / Moe's NNN Investment
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 8/28/2018

Overview / Comments

Attractive 10% Rental Increases 2019 (Moe's), 2020 (Starbucks)
Starbucks Equipped with Drive Thru
Adjacent to Mobile Regional Airport | Home to U.S. Coast Guard Aviation
Training Center
Airport Blvd and Schillinger Road Boasts Combined Traffic Counts of +/-56,000
Average Household Income Within 1 Mile Radius Exceeds $73,259
5 Mile Population Surrounding Investment Property Exceeds 105,000
Near the University of South Alabama
National Tenants Surrounding Property: Walmart, Lowe’s, Target, Home Depot,
Kohl’s, Walgreens, McDonald’s, Chick Fil A, PNC Bank, Advance Auto Parts, and
Amazon and Wal-Mart Distribution Center entering market

Current Tenants

Tenant Business Name Starbucks
Tenant Business Name Moe's Southwest Grill

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2706244000013.001
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Airport Blvd
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005
Roof Type: Flat
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,817 50,710 120,380
Median Age: 34.55 35.17 37.33
Households: 1,206 20,494 47,954
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