740 Schillinger RdMobile, AL 36608

This Mobile, Alabama grocery store presents a compelling investment opportunity. Priced at $3,850,000, this 44,000 square foot property boasts an 8% cap rate and a strong NOI of $308,000. The absolute NNN lease with a corporate guarantee ensures minimal landlord responsibilities, while the below-market rent of $7.00 per square foot provides significant upside potential. The property benefits from a resilient grocery tenant, strong demographics (over 96,000 people within a 5-mile radius), and a prime location on a signalized corner with high traffic visibility. Built in 1998, the lease has approximately 3.6 years remaining. The tenant's recent acquisition by Aldi further strengthens the long-term viability of this investment. The property's rent-to-sales ratio of 2.22% incentivizes continued tenancy. This is a passive investment opportunity with significant potential for long-term growth and stability in a recession-resistant sector. The property is located at 740 Schillinger Rd N, Mobile, AL 36608.