Walk-On's Bistreaux & Bar- Mobile, AL

Retail-Commercial for Sale
Catylist Listing ID: 30495138
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 7,851 SF
Gross Building Area: See Agent
Sale Price: $5,150,000
Unit Price: $655.97 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.85%
Last Updated: 9/5/2019

Overview / Comments

15 year Term Absolute NNN

Opportunity to own a Walk-On's Bistreaux and Bar in Mobile, Alabama. Located on Mobile's main retail corridor, the subject property is surrounded by other national restaurants and shopping. Given it's close proximity to the interstate, the property is highly visible and boasts a tremendous central location.

-Airport Blvd has high traffic counts and a strong national retail presence. Retailers in the vicinity include; Belk, Walmart, Lowe's, Dillard's, JCPenny, Starbucks, Marshalls, Sam's, Home Depot, Target, Whole-Foods and many others.

Tenant will exercise option at close allowing for a full 15 year term.

*All information deemed reliable but to be verified by buyer*

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022807252000002.
Retail Clientele: General, Business
Property Visibility: Excellent
Tenancy: Single Tenant
Property Condition: Excellent
Year Renovated: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,188 92,848 196,407
Median Age: 30.98 36.45 36.39
Households: 5,321 38,147 79,862

Contact

Photograph of Listing Agent

Tim Herrington

Herrington Realty, Inc. Gulf Coast CMLS Member
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