For Sale
$1,600,000
10090 Al-188Grand Bay, AL 36541
High-Yield Retail Property in Alabama
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 119
Highlights
- Single-tenant, 100% occupied Dollar General; 1.22-acre lot, 1957 construction.
- Absolute NNN lease with corporate guarantee, minimizing landlord responsibilities.
- $1,600,000 asking price, 5.83% cap rate, $93,280 annual NOI.
- Approximately 7.4 years remaining on lease, with three 5-year options at 10% rent increases.
- Excellent location near I-10 and Route 90 in Grand Bay, Alabama.
Property Details for 10090 Al-188
- Property type
- Retail properties, Grocery and convenience stores
- Year Built
- 1957
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 53,143 SF
- Units
- 1
Location Insight
- City
- Grand Bay
- County
- Mobile
- State
- Alabama
- Latitude
- 30.4518022
- Longitude
- -88.2803095
10090 Al-188, Grand Bay, Alabama
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Retail Property in Alabama
- Where is the retail property located?
- The property is located at 10090 Al-188 Grand Bay, AL.
- What is the asking price?
- The asking price for this property is $1,600,000.
- What are key features of this property?
- This property features: Single-tenant, 100% occupied Dollar General; 1.22-acre lot, 1957 construction.; Absolute NNN lease with corporate guarantee, minimizing landlord responsibilities.; $1,600,000 asking price, 5.83% cap rate, $93,280 annual NOI.
- How can I contact the broker?
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