12550 Us Highway 90 - Drug Store FOR SALE


Grand Bay, AL 36541
$3,637,500 USD
703-477-1315
12550 Us Highway 90, Grand Bay, AL for Sale
$3,637,500 USD
Drug Store - FOR SALE
1/2
null | 6.6% Cap Rate

12550 Us Highway 90
Grand Bay, AL 36541


HIGHLIGHTS

  • ±14.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.
  • Positioned on a hard corner at the signalized intersection of Government Boulevard (5,683 VPD) and AL-188 (8,887 VPD).
  • Mobile, AL MSA Population: 409,988

OVERVIEW

CBRE is pleased to exclusively offer for sale the 14,403-square-foot Walgreens situated on 1.63 acres in Grand Bay, AL - a component of the Mobile, AL MSA (MSA Population: 409,988). The site is subject to a ±14.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,637,500 USD

PRICE/SF

$253 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Grand Bay, AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

C

APN/PARCEL ID

36-07-36-3-000-008

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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

Thomas CarrCBREMore Info
703-477-1315

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