7899 Cottage Hill RdMobile, AL 36695
- Retail properties
- 7,842 SF
Property Details for 7899 Cottage Hill Rd
- Year built
- 2011
- Lot size
- 0.65 AC
- Property size (Sq ft)
- 7,842 SF
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 34 01 01 4 000 002.004
- APU
- 3401014000002004
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,828,086
- 6.5%
- $1,687,464
- 7%
- $1,566,931
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,507,451
- Geo Method
- $1,404,869
-
Alternative Use
- Use
- Valuation
- Residential
- $1,423,439
- Hospitality
- $1,303,863
- Educational
- $1,084,798
- Medical
- $1,122,106
- Retail
- $1,687,464
Location Insight
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Latitude
- 30.6397
- Longitude
- -88.227
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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