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    Walgreens in Grand Bay, AL Title is generated by Realmo AI

    12550 US-90, Grand Bay, AL 36541

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    14,403 SF Walgreens on 1.63 acres for sale.

    Type:Retail
    Property size:
    14,403 SF
    Lot size:
    1.63 Acres
    Price / SF:
    $252/SF
    Added:
    Mar 14, 2025
    Days on Market:
    471
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 12550 US-90

    General Information

    Standard status
    Active
    Size
    14,403 SF
    Lot size
    1.63 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    We can help!

    Contact an agent
    Thomas Carr
    Thomas Carr

    Listing office CBRE Atlanta

    Listing date Mar 14, 2025

    Source Crexi

    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 CBRE Atlanta

    HighLights

    • Absolute NNN lease offers passive income with zero landlord responsibilities.
    • Enjoy long‑term stability with a ± 13.5‑year remaining lease term.
    • Located in Grand Bay, AL, part of the Mobile, AL MSA.
    • Benefit from a 5% rent increase every 5 years, providing an increasing income stream.
    • Twelve 5‑year renewal options offer extended investment potential.
    • Property is a 14,403‑square‑foot Walgreens built in 2007 on 1.63 acres.

    Overview

    Offered for sale is a 14,403-square-foot Walgreens property situated on 1.63 acres in Grand Bay, Alabama, which is part of the Mobile, AL MSA, with a population of 409,988. The property is subject to an absolute NNN lease with approximately 13.5 years remaining. The lease includes a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options. This property is suitable for commercial real estate and retail purposes.

    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 $285.2k $19.80
    − Vacancy −$12.8k −$0.89
    EGI $272.3k $18.91
    − OpEx −$81.7k −$5.67
    NOI $190.6k $13.24
    14,403 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.72M
    $2.38M – $3.18M (±1% cap)
    NOI $190,642 @ 7.0% cap · market cap 5.24%
    Second Best
    Specialty Retail
    $2.16M
    $1.89M – $2.53M (±1% cap)
    NOI $151,502 @ 7.0% cap · market cap 4.17%
    Theoretical Best
    Office A
    $3.55M
    $3.11M – $4.14M (±1% cap)
    NOI $248,406 @ 7.0% cap · market cap 6.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Walgreens Pharmacy — 12550 US-90, Grand Bay, AL 36541
    • Ultimately — grand bay, al 36541
    • Mark W. Barton, RPh — 12550 US-90, Grand Bay, AL 36541
    • Quyen P. Chuong, Pharm — 12550 US-90, Grand Bay, AL 36541
    • COVID-19 Drive-Thru Testing at Walgreens — 12550 US-90, Grand Bay, AL 36541

    Location Insight

    • Map
    • Local Demand
    City
    Grand Bay
    County
    Mobile
    State
    Alabama
    Longitude
    -88.33869
    Latitude
    30.478582

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    FAQs

    What type of property is this?
    Drug store - 14,403 SF Walgreens on 1.63 acres for sale.
    Where is this drug store located?
    The property is located at 12550 US-90 Grand Bay, AL.
    What is the asking price?
    The asking price for this property is $3,637,500.
    What are key features of this property?
    This property features: Absolute NNN lease offers passive income with zero landlord responsibilities.; Enjoy long‑term stability with a ± 13.5‑year remaining lease term.; Located in Grand Bay, AL, part of the Mobile, AL MSA.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Carr
    Thomas Carr
    Real Estate License ID: 374849
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