10090 Highway 188, Grand Bay, AL
9,002 SF Dollar General with Absolute NNN Lease.
- Added:
- Apr 22, 2024
- Days on Market:
- 789
- Last Refresh:
- May 20 at 8:01 pm
Property Features for 10090 Highway 188
General Information
- Standard status
- Active
- Size
- 9,002 SF
- Lot size
- 1.29 Acres
- Property subtype
- RETAIL
Listing agent Steve Sagmani License #6502426558 (248) 833-6601
Listing office Exclusive Realty (248) 833-6601
Listing date Apr 22, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Exclusive Realty
HighLights
- Absolute NNN Lease with zero landlord responsibilities.
- Corporately guaranteed lease by Dollar General, Inc.
- Dollar General, Inc. credit rating of “BBB” (investment grade).
- Ideal opportunity for a 1031 Exchange buyer.
- Property size: 9,002 square feet.
- Located in Grand Bay, Alabama.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.2k | $19.80 |
| − Vacancy | −$8.0k | −$0.89 |
| EGI | $170.2k | $18.91 |
| − OpEx | −$51.1k | −$5.67 |
| NOI | $119.2k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Bay
- County
- Mobile
- State
- Alabama
- Longitude
- -88.2804
- Latitude
- 30.4518
