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1511 Us Highway 98
Daphne, AL 36526

$2,583,000 USD

Fast Food For Sale  •  2,159 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,250 SF
• Lot Size 0.75 AC
• Building Class C
• Year Built 2013
• Cap Rate 6.00 %
• Tenancy Single
• Zoning C

0 Transit Score

48 Walk Score

Highlights

BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations

TENANT | GUARANTORS: The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama.

The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction)

TRAFFIC COUNTS: Across the street from Target, positioned on a ±0.74-acre lot with great visibility on US-98

VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 43,092 | Average Household Income (1MI): $128,942

STRONG SALES PERFORMANCE: Successfully open and operating since 2023 with an attractive 8.03% Rent to Sales Ratio!

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Popeyes

Amenities

• Restaurant
• Signage
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Mobile International	26 min	-	17.4 mi
Mobile Regional	48 min	-	31.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes