1498 N Wilson Ave - Convenience Store FOR SALE


Prichard, AL 36610
$1,094,389 USD
248-833-6696
1498 N Wilson Ave, Prichard, AL for Sale
$1,094,389 USD
Convenience Store - FOR SALE
1/2
null | 9.25% Cap Rate

1498 N Wilson Ave
Prichard, AL 36610


HIGHLIGHTS

  • Dark Dollar General investment providing an opportunity to acquire a net-lease asset independent of current store operations
  • Convenient access to U.S. Highway 43, U.S. Highway 45 and Interstate 165
  • Approximately 5 miles north of Mobile, connecting the property to a substantially larger metropolitan market
  • Prichard Municipal Stadium seats approximately 10,000 and hosts athletic and civic events

OVERVIEW

Exclusive Realty is pleased to present an attractive Absolute NNN Dark Dollar General investment opportunity in Prichard, Alabama, offering investors the opportunity to acquire a nationally recognized retail asset with a highly passive ownership structure. The property is located in the Mobile metropolitan market, providing convenient access to Interstate 165, Interstate 65, downtown Mobile and the Port of Mobile. The available property information identifies the asset as a 9,026-square-foot freestanding Dollar General building on approximately 0.85–0.99 acres, with the current lease extending into 2036 and five-year renewal options. The Absolute NNN structure places property-level operating responsibilities with the tenant, subject to the lease, while the dark-store format provides investors with the opportunity to acquire a net-lease asset without relying on day-to-day retail operations at the property. Prichard benefits from its position within the greater Mobile County trade area, surrounded by established residential neighborhoods, commercial businesses and industrial employment centers. The location is approximately four miles from the Port of Mobile, a major Gulf Coast logistics and shipping hub, while nearby I-165 and I-65 provide connectivity throughout Mobile and the surrounding region. Area amenities include grocery and convenience retailers such as Greer's CashSaver, DG Market and J&J Grocery, as well as 8 Mile Shopping Center, restaurants including Puddin’s Place and The Tree Bar-B-Que and Lounge, and numerous schools, parks, municipal services and healthcare providers. The broader Mobile market adds extensive shopping, dining, medical, educational, entertainment, employment and transportation amenities, creating a diversified regional economy anchored by the Port of Mobile, manufacturing, logistics, healthcare, aerospace and other major industries.

FOR SALE DETAILS

PRICE

$1,094,389 USD

PRICE/SF

$121 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(Dark) Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

B-1

APN/PARCEL ID

22-08-44-0-014-311

ASK ABOUT THIS PROPERTY

Shelby Sagmani - SulaimanExclusive RealtyMore Info
248-833-6696

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Shelby Sagmani - SulaimanExclusive RealtyMore Info
248-833-6696

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