Shrimp Basket Bay Minette Net Lease

1111 US-31 Bay Minette, AL 36507

Bay Minette
FOR SALE
Property Type:
Restaurant
Amount:
$917,013
Last Verified:
Dec 13, 2023

Highlights

  • 20 Unit Seafood Chain, All corporate units
  • 10 Year NN Lease with a start date of June 2020
  • Outside Dining with its signature patio is a Shrimp Basket Requirement
  • Shrimp Basket is owned by Private Equity

Description

Shrimp Basket is a 28 Unit Seafood Chain that is 100% Corporately owned group of restaurants located in 4 Southeastern
States. This location is 3 years into a 10-year lease. Shrimp Basket started in 1993.

Rain Dr & Bay Minette Bypass


Year Built: 1979
Building Size: 2344sq ft
Lot Size: 1.18 acres


Documents

SB Bay Minette Net Lease Brochure

Map of 1111 US-31, Bay Minette, AL, 36507

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.