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685 Schillinger Rd S
Mobile, AL 36695
Asking Price
$1.33M
Cap Rate
6%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Retail | 6.00% CAP | 510 SqFt <p><strong>NEW CONSTRUCTION: </strong>The new construction 7 Brew has a 10-year ground lease with six (6), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. 7 Brew is under construction with an anticipated rent commencement date of August 29, 2026.</p><p></p><p><strong>IRREPLACABLE RETAIL LOCATION: </strong>7 Brew is a pad site to Walmart Supercenter and is positioned along Schilli
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NOI
$80,000
Cap Rate
6.00%
DSCR
1.01
Tight
Cash-on-Cash
0.21%
Monthly Payment
$6,596.604
Annual Cash Flow
$840.75
