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33319089
33319090

5340 US-90, Mobile, AL 36619

JB
TX 688810
Matthews
Listed by Matthews
$3,253,012
2 days on market
Updated 1 day ago

Chick-Fil-A | Brand New 2026 Construction

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,036
Cap Rate 4.15%
NOI $135,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes (+2)
Lease Type Absolute NNN
Lease Term 15.5
Lease Expiration 11/30/2041
Remaining Term 15.5
Rent Bumps Yes
Lease Options Ten, 5-Year Options
Year Built 2026
Acreage 3.000
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/01/2026
Ground Lease Yes
Ownership Fee Simple

15-Yr Abs NNN Lease w/ 8% Rent Increases

Marketing description

This brand new 2026 Chick-fil-A is strategically positioned within a growing Mobile-area retail corridor, providing strong regional draw. The property features a 15 year ABS NNN ground lease with Chick-Fil-A's newest prototype featuring dual modern drive-thru lanes. Located at a signalized corner along US-90 with approximately ±25,000 vehicles per day along Industrial Parkway and ±75,500 vehicles per day on the nearby I-10 corridor, the property benefits from strong visibility and traffic exposure.

The five-mile population exceeds 86,213 residents, with the greater 10 mile area spanning over 269,941 residents. Mobile is the fourth largest city in Alabama with a population of roughly 414,000 residents and is expected to continue growing over the next several years. The area boasts an extremely strong average household income of approximately $92,117 within a 5-mile radius.

Nearby national tenants include Walmart Supercenter, Aldi, Starbucks, Sherwin Williams, Whataburger, AutoZone, Lowes, Coca Cola beverage distributor and many more.

Investment highlights

  • Brand new 2026 ground lease construction with Chick-Fil-A's newest prototype
  • 15 year ABS NNN ground lease featuring dual modern drive-thru lanes
  • Strategically positioned within a growing Mobile-area retail corridor, providing strong regional draw
  • Attractive 8% rental increases every 5 years for the entirety of the lease (base + options)
  • Nearby national tenants include Walmart Supercenter, Aldi, Starbucks, Sherwin Williams, Whataburger, AutoZone, Lowes, Coca Cola beverage distributor and many more
  • Extremely strong average household income of approximately $92,117 (5-mile radius)
  • Five-mile population in excess of 86,213 residents, with the greater 10 mile area spanning over 269,941 residents
  • Mobile is the fourth largest city in Alabama with a population of roughly 414,000 residents and is expected to continue growing over the next several years
  • The subject property benefits from strong visibility and traffic exposure, with approximately ±25,000 vehicles per day (VPD) along Industrial Parkway and ±75,500 vehicles per day (VPD) on the nearby I-10 corridor

Listing Contacts

JB
TX 688810
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
4.15%
Cap Rate
4.15%
ROI

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Additional Information

Name
Hutt Cooke
License
000168807 - 0 (AL)
Title
Broker of Record
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