1300 Schillinger RdMobile, AL 36695

West Park Shopping Center, a multi-tenant retail property in Mobile, Alabama, presents a compelling investment opportunity. This 21,358 square foot shopping center comprises four buildings situated on a 4.48-acre lot at 1300 Schillinger Rd S, 36695. Currently 85% occupied by nine tenants, including a national anchor tenant (Sherwin Williams), the center generates a Net Operating Income (NOI) of $198,890, representing a 7.00% capitalization rate. The property features a double-sided billboard and potential for additional development on approximately 1.26 acres of excess land. Built in 1997, the center benefits from its location on a high-traffic thoroughfare (Schillinger Road) with over 40,336 vehicles per day, and proximity to major retailers such as Target, Aldi, Home Depot, Walmart, Chick-fil-A, Hobby Lobby, and Lowe's. The property includes both retail strip center space and two warehouse spaces, offering diverse income streams. Recent parcel splits and rezoning have been completed, and all deferred capital expenditures have been addressed. Many tenants are currently operating under market rates, presenting potential for future rent increases. Available space includes 720 square feet in the retail area and 2,450 square feet in the warehouse spaces. The asking price is $2,750,000. This property offers a strong cash flow with significant upside potential.