685 Schillinger Rd S - Supermarket FOR SALE


Mobile, AL 36695- Sheldon
$17,715,771 USD
781-776-4003
685 Schillinger Rd S, Mobile, AL for Sale
$17,715,771 USD
Supermarket - FOR SALE
1/8
null | 6% Cap Rate

685 Schillinger Rd S
Mobile, AL 36695
Sheldon


HIGHLIGHTS

  • Long Term Tenant & Site Commitment
  • Irreplaceable Retail Location
  • Investment Grade Credit
  • Zero Management Responsibilities
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a corporate Walmart Supercenter located at 585 Schillinger Road South in Mobile, Alabama (the “Property”). The Property is improved by a free standing 207,931 square foot building on a 19.43-acre parcel. Walmart Supercenter has been at this build-to-suit location since 1997 and recently expanded their premises and preemptively exercised their first 5-year renewal option (4 years early) demonstrating their commitment to the site and the market. Walmart Supercenter has 7+ years remaining on its NNN Lease with seven (7), 5-year renewal options. Walmart Supercenter occupies a prominent location along Schillinger Road South (AL Route 31), a major commercial and commuter corridor in the Mobile market. The Property features exceptional frontage and visibility from three roadways and offers seven points of access, allowing for convenient ingress and egress. The store is located between Home Depot and Westwood Plaza, a regional shopping center anchored by Rouses Market, Ross, and Hobby Lobby, and is surrounded by a strong concentration of national retailers and restaurants that generate substantial consumer traffic. The site is located just moments from Airport Boulevard and provides convenient access to U.S. Routes 90 and 98, as well as Interstate 65, offering efficient regional connectivity to Downtown Mobile and the broader southern Alabama area. Additionally, the Property is approximately 1.5 miles from Mobile Regional Airport, 3 miles from the University of South Alabama, and about 12 miles west of Mobile’s Central Business District, further reinforcing its accessibility and regional appeal.

FOR SALE DETAILS

PRICE

$17,715,771 USD

PRICE/SF

$66 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

1357

LAND DETAILS

LAND ACRES

20 AC

LAND SF

871,200 SF

ZONING

-

APN/PARCEL ID

28-04-19-3-000-040.001

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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