Sonic Drive-In 1461 Spring Hill Ave 1 391 pi² Commerce de détail Immeuble Mobile, AL 36604 1 604 480 $ CAD (1 153,47 $ CAD/pi²) 6,72% Taux de capitalisation

1461 SpringHill Avenue is a single-tenant QSR property located in Mobile, AL. This ±1,422 SF freestanding building is situated on a generous ±25,047 SF lot and is fully occupied by Sonic under an absolute NNN lease.
With approximately 18 years of term remaining, this asset offers a secure, long-term passive income stream with zero landlord responsibilities. For an investor seeking a stable, hands-off asset with a reliable national tenant, this property provides a durable cash |ow foundation in a well-established commercial corridor.
The investment is secured by an absolute NNN lease structure, which insulates ownership from all operating expenses, including taxes, insurance, and maintenance, creating a truly passive investment vehicle.
The property generates a current Net Operating Income of $77,268, providing an attractive in-place capitalization rate of 6.72% at the list price of $1,150,000. The lease features contractual 1.5% annual rental increases, providing a consistent hedge against in|ation and predictable income growth. The tenant has four (4), 5-year options to extend, underscoring their long-term commitment to this proven location.
The current monthly rent of $6,439 is below the national average rent paid by Sonic stores across the U.S., positioning this location as a more affordable and sustainable occupancy for the tenant. This favorable rent-to-market dynamic enhances tenant retention and provides added security for long term income stability.
This offering represents an ideal opportunity for a 1031 exchange buyer or a private investor seeking a management-free asset with a long-term lease, guaranteed income, and embedded rental upside.