The Shoppes at Theodore Dawes

Retail-Commercial for Sale
Catylist Listing ID: 30725361
Property Subtypes: Convenience Store, Street Retail
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $1,030,000
Unit Price: $128.75 PSF
Property Use Type: Investment
Building Name: The Shoppes at Theodore-Dawes
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 5/7/2021

Overview / Comments

8,000 SF retail shadow center off of Theodore-Dawes RD. This 100% leased building is a shadow center to the Neighborhood Walmart and sits across the street from the Rouses center. The center's anchor tenants are Cricket Wireless and Boost Mobile. 8% cap rate assumes 12.5% (1,000sf) vacancy factor. The property is currently 100% leased.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,280 (Annual)
Potential Rental Income $113,240 (Annual)
Gross Operating Income $113,240 (Annual)
Net Operating Income $82,450 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R023309314000033.
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Parking Description: Surface parking lot
Sprinklers: None
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,409 23,989 60,296
Median Age: 36.49 36.01 38.33
Households: 1,698 9,058 22,779

Contact

Photograph of Listing Agent

Steadman Bethea

Stirling Properties Mobile Gulf Coast CMLS Member
Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL 36602
Gulf Coast CMLS Member
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