AL Mobile First Watch

725 Schillinger Road S, Mobile, AL 36695

Property Description

Price: $3,915,000
Price Per/SF: $584.33
Land Area: ±1.37 Acres
Cap Rate: 5.75%
Gross Leasable Area: ±6,7000
Year Built: 2000 / Renovated 2026

Investment Highlights

New Corporate Guaranteed 15-Year Lease First Watch

Located on the Corner of a Signalized Intersection with Traffic Counts Exceeding 29,000 CPD

Outparcel to Home Depot and Across from Schillinger Shopping Center, Anchored by Target and CVS, Creating Strong Tenant Synergy and Consistent Daily Traffic

Prime Retail Location

Across from Walmart and Target, Anchored Shopping Centers

Located on Main Retail Corridor with Several Major Retailers such as Walmart, Lowe’s Home Improvement, Chick-fil-A, At Home, Hobby Lobby, Rouses Market, Ulta Beauty, Wawa, Kohl’s, and Many More

Large Lot of 1.37 Acres Provides Ample Space for 98 Parking Stalls

Strong Corporate Guarantee

Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market

First Watch is the Leading Daytime Dining Concept Serving Made to Order Breakfast, Brunch, and Lunch with More Than 630+ Locations

Publicly Traded (NASDAQ: FWRG) with Over $1 Billion in Annual Revenue

Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge  Against Inflation

Pride of Ownership Mobile, AL

Affluent Area with the Average Household Income Exceeding $90,000 Within 5 Miles

High Density with Over 121,000 Residents Within 5 Miles

Less Than 1 Mile From Mobile Regional Airport, which Sees Over 1 Million Annual Travelers

Mobile Is Alabama’s Fourth-Largest City With 430,000+ Metro Residents and Major Expansion Projects Underway

 

Broker Of Record Eddie Greenhalgh, Birmingham AL, Lic #: 000088298-0

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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