10090 Al-188Grand Bay, AL 36541

Property Details for 10090 Al-188

Year built

1957

Lot size

1.22 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a single-tenant, 100% occupied Dollar General convenience store located at 10090 AL-188, Grand Bay, Alabama, 36541. The property boasts a strong 5.83% cap rate, generating a substantial net operating income (NOI) of $93,280 annually. The 1.22-acre lot houses a single-story, 1957-built building, zoned for commercial use. The property is subject to an absolute NNN lease with a corporate guarantee, minimizing landlord responsibilities. The current lease, commencing May 1, 2017, and expiring May 1, 2032, has approximately 7.4 years remaining. Three five-year lease options are included, with 10% rent bumps in each. This strategically located property benefits from its proximity to Interstate 10 and Route 90, ensuring high visibility and accessibility. The asking price is $1,600,000. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The building consists of one unit and is situated in Mobile County.

Location Insight

City

Grand Bay

County

Mobile

State

Alabama

Latitude

30.4518

Longitude

-88.2803

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