10090 Highway 188 - Convenience Store FOR SALE


Grand Bay, AL 36541
$1,243,824 USD
586-200-0041
10090 Highway 188, Grand Bay, AL for Sale
$1,243,824 USD
Convenience Store - FOR SALE
1/6
null | 7.5% Cap Rate

10090 Highway 188
Grand Bay, AL 36541


HIGHLIGHTS

  • Strategically positioned on Alabama's Costal Connection (AL-188) providing visibility to ±5,492 vehicles per a day
  • Long term lease with over 6 years remaining & 5 (5) year options with built in rental increases
  • Site is near many national retailers like CVS, McDonald's, Subway, Waffle House, and others
  • Site is ~25 Miles Northeast of Health University Hospital (406 Beds, 250 Physicians)
  • Property has an Absolute NNN lease with NO Landlord Responsibilities (Tenant is Responsible for all Maintenance of the Roof / HVAC / Parking Lot
  • Located in Mobile, AL Metropolitan Statistical Area, one of the FASTEST growing metro regions

OVERVIEW

AMC Real Estate Investment Services is proud to present the opportunity to acquire a single-tenant Dollar General located at 10090 AL-188 in Grand Bay, Alabama. The property was constructed in 2017 and features a ±9,002 square foot building situated on a oversized ±1.22-acre parcel along Alabama’s Coastal Connection, offering strong visibility and exposure to approximately 5,492 vehicles per day The asset is leased to Dollar General on an absolute NNN basis, providing truly passive ownership with zero landlord responsibilities. The lease has approximately ±6.3 years of remaining term and includes five (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $93,287 produces a 7.50% cap rate at the offering price, making this an attractive blend of yield and long-term stability Strategically located within the Mobile, Alabama Metropolitan Statistical Area—one of the fastest-growing metro regions in the state—the property benefits from a strong regional trade area and consistent consumer demand. Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy

FOR SALE DETAILS

PRICE

$1,243,824 USD

PRICE/SF

$138 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

44-02-09-0-000-055

ASK ABOUT THIS PROPERTY

Corbin MontpasAMC Commercial Real Estate Investment ServicesMore Info
586-200-0041

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Corbin MontpasAMC Commercial Real Estate Investment ServicesMore Info
586-200-0041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.