Catylist ID:
#30823495
100% Leased Freestanding Retail For Sale
Retail-Commercial
for Sale
Also listed as Shopping Center, Business Opportunity
| Catylist Listing ID: | 30823495 |
| Property Subtypes: | Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub |
| Building Size (RSF): | 7,250 SF |
| Gross Land Area: | 28,390 SF |
| Sale Price: | $1,699,000 |
| Unit Price: | $234.34 PSF |
| Is Quick-Service Restaurant? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment, Business |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 100 |
| Last Updated: | 7/24/2024 |
Overview / Comments
|
Fantastic Opportunity to Own a Fully Leased Freestanding Retail Center in bustling West Mobile, AL Located on a high traffic corner fronting Cottage Hill Road, this property is prominently situated on an outparcel to a 70,000 sq ft Club4 Fitness anchored shopping center. Surrounding retail includes popular establishments such as Whataburger, Foosackly’s, and Walmart Supercenter, guaranteeing a steady flow of customers. Plus, with direct access to Cottage Hill Road and cross access with the shopping center to Schillinger Road, convenience is key for both patrons and tenants. Key Features: - Building Size: 7,250 sq ft - Tenants: Amici Trattoria, Wine Bar, & Market // Mob Boss Pizzeria - Convenient location on a popular retail corner with high traffic - Prime neighboring establishments attract a diverse customer base Contact us today for more information! |
Attachments & Media
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $16,385 (Annual) |
| Potential Rental Income | $137,575 (Annual) |
| Gross Operating Income | $182,149 (Annual) |
| Net Operating Income | $137,926 (Annual) |
| Actual or Proforma Year | Actual |
Current Tenants
| Tenant Business Name | Amici Trattoria, Wine Bar, & Market |
| Is Renting? | Yes |
| Suite Number | Suite A |
| SF of Space Occupied | 4,439 SF |
| Current Rent | $20 PSF (Annual) |
| Tenant Business Name | Mob Boss Pizzeria |
| Is Renting? | Yes |
| Suite Number | Suite B |
| SF of Space Occupied | 2,812 SF |
| Current Rent | $17 PSF (Annual) |
| Lease Expiration | 2/2026 |
Additional Details
| Nearest MSA: | Mobile |
| County: | Mobile |
| Taxing Authority: | Mobile County |
| Tax ID/APN: | R023401014000002.004 |
| Zoning: | COUNTY |
| Market Type: | Large |
| Retail Clientele: | General, Family, Business, Other |
| Property Located Between: | Schillinger Rd and Dawes Rd. |
| Side of Street: | South |
| Road Type: | Paved, Outlot |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Schillinger Rd. |
| Feet of Frontage: | 125 |
| Traffic/Vehicle Count: | 24,356 |
| Airports: | Mobile Municipal Airport |
| Site Description: | Out Parcel Location fronting Cottage Hill Rd near the corner of Schillinger and Cottage Hill Rd. Property has direct access to Cottage Hill and cross parking with Schillinger Place Shopping Center Behind. Building sits at grade with the street. |
| Area Description: | Property located on a high traffic, retail corner located west on Cottage Hill Road, past Schillinger Road, on the left. Surrounding retail includes Club4Fitness, Foosackly’s, Pizza Hut, Yellow Hammer Coffee, Walmart Supercenter and many more. Center has cross parking with Club4 Fitness shopping center, and direct access to Cottage Hill Road. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 2011 |
| Year Renovated: | 2021 |
| Construction/Siding: | Brick |
| Exterior Description: | Brick facade with high sign bands. Arched store glass fronts with metal awnings. |
| Total Parking Spaces: | 48 |
| Parking Type: | Surface |
| Parking Description: | Parking is in front and along sides of the building. |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Zoning Description: | B3 |
| Lot Frontage: | 125 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
| Legal Description: | LOT 3 SCHILLINGER PLACE MBK 74/13 #SEC 01 T5S R3W #MP34 01 01 4 000 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,621 | 51,392 | 116,992 |
| Median Age: | 38.92 | 38.03 | 37.34 |
| Households: | 3,133 | 20,331 | 46,873 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
