3250 Airport BlvdMobile, AL 36606

This exceptional investment opportunity presents a single-tenant, net-leased (NNN) Logan's Roadhouse restaurant located at 3250 Airport Blvd, Mobile, Alabama, 36606. The 8,200 square foot restaurant sits on a 1.77-acre lot and boasts a prime location with excellent visibility at the signalized interchange of Airport Blvd (54,400 vehicles per day) and Interstate 65 (combining for 147,000 vehicles per day). Built in 2004, this property is an outparcel to the Springdale shopping center, anchored by a high-performing Sam's Club. The current lease with Logan's Roadhouse, a subsidiary of SPB Hospitality, a $1.5 billion company, expires March 31, 2029, with one 5-year renewal option at a 9.1% rent bump. The current annual rent is $110,000, representing a price per square foot of $13.41, significantly below market rates exceeding $30.00 PSF. This translates to a 6.50% cap rate. The property benefits from a strong demographic profile, with over 19,700 college students within 4 miles and 2,650 hotel rooms within a 5-minute drive. The Springdale shopping center itself attracts 6.8 million visitors annually, placing it in the top 4% nationally and top 3% in Alabama. This Logan's Roadhouse location ranks in the top 22% of the Top 500 Highest Grossing Restaurants, with average sales per store at $3.23 million. The property offers significant upside potential due to the low current rent and the high traffic volume in the area. The ground lease is in place.