For Sale
$1,699,000

7899 Cottage Hill RdMobile, AL 36695

100% Leased, High-Traffic Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail property, located at 7899 Cottage Hill Rd in Mobile, Alabama, presents a compelling investment opportunity. The 7,250 square foot building sits on a 0.654-acre lot and boasts a 100% occupancy rate with two tenants: Amici Trattoria, Wine Bar, & Market and Mob Boss Pizzeria. Built in 2011, this single-story structure features 48 parking spaces and benefits from a prime location on a high-traffic corner, offering excellent visibility and accessibility. The property is situated on an outparcel of a 70,000 square foot shopping center anchored by Club4 Fitness, and enjoys proximity to other popular retailers including Whataburger, Foosackly's, and a Walmart Supercenter. The property is zoned for County use and offers a Net Lease (NNN) structure with rent bumps included. The asking price is $1,699,000, representing a compelling 8.12% cap rate and a price per square foot of $234.34. The strong tenant mix, high occupancy, and desirable location make this a truly exceptional investment opportunity with a projected NOI of $137,926. Lease options are available. The property is fee simple ownership. The occupancy date is July 9th, 2024.

Highlights

  • 7,250 square foot building.
  • Tenants include Amici Trattoria, Wine Bar & Market, and Mob Boss Pizzeria.
  • High-traffic corner location in a popular retail area.
  • Strong tenant mix in the immediate vicinity.
  • Inquire today for details.

Property Details for 7899 Cottage Hill Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,250 SF
Class
A
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
28,488 SF
Units
2

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.64019471
Longitude
-88.22689944
7899 Cottage Hill Rd, Mobile, Alabama

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7899 Cottage Hill Rd
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