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Virtual Drive-By

Chick-fil-A Absolute NNN

5340 US-90 · Mobile, AL 36619 · QSR / Restaurant

Asking price
$3,253,012
Cap rate
4.15%
NOI
$135,000

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Lease

Lease typeAbsolute NNN
Term remaining15.5 yrs
Expiration11/2041
Rent bumps8% Every 5 Years
OptionsTen, 5-Year Options
Ground leaseYes
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

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Property

Building SF5,036
Price / SF$646
Year built2026
Lot size3.00 ac
TypeQSR/Fast Food, Restaurant
Days on market51

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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

Property overview

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.​

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.