Free-Standing CVS for Sale in Mobile, AL

Retail-Commercial for Sale
Catylist Listing ID: 30856645
Property Subtypes: Free-Standing Building
Building Size (RSF): 11,946 SF
Gross Land Area: 1.42 Acres
Sale Price: $6,800,000
Unit Price: $569.23 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: CVS
Usable Size (USF): 11,946 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2023

Overview / Comments

Large, freestanding retail building with drive-thru available for sale in Mobile, AL on a well-traveled portion of Cottage Hill Road. Constructed in 2007, the building is ±11,946 SF of open retail space on ±1.416 AC. Ample parking with 48 spaces including 3 handicapped parking spaces.

CVS lease expires October 2025, with tenant currently paying $452,000 per year, plus NNN expenses.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2807363000001001
Zoning: B2
Retail Clientele: General, Family, Business, Traveler, Other
Property Visibility: Excellent
Largest Nearby Street: Cottage Hill Rd
Feet of Frontage: 222
Traffic/Vehicle Count: 25,429
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,946 SF
Property Condition: Good
Year Built: 2007
Zoning Description: Neighborhood Business
Lot Frontage: 222.2
Lot Depth: 327.1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,605 83,781 191,280
Median Age: 33.54 35.86 36.7
Households: 4,522 34,918 77,822


Photograph of Listing Agent

John P. Vallas, Jr.

Vallas Realty, Inc. Gulf Coast CMLS Member
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