7899 Cottage Hill RdMobile, AL 36695

Property Details for 7899 Cottage Hill Rd

Year built

2011

Lot size

0.65 AC

Property size (Sq ft)

7,842 SF

Property type

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.

• 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

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