Single-Tenant NNN Retail
1808 US HWY 98 Daphne, AL 36526
For Sale
Contact for pricing
Single-tenant NNN retail building occupied by O'Reilly Auto Parts on a 0.56-acre parcel.
Property Size6,800 SF
Lot Size0.56 Acres
Price / SF$222.21
Days on Market90
Property Features for 1808 US HWY 98
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 0.56 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Apr 25
Changed: Jul 23
Last Checked: Jul 23 at 3:25AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a single-tenant net lease investment occupied by O'Reilly Auto Parts. The property includes a ±6,800-square-foot retail building on a 0.56-acre parcel, offered as a triple net (NNN) lease.
Located at 1808 US-98 in Daphne, Alabama, the asset sits along a well-trafficked retail corridor. The lease is structured with approximately 20 years remaining on the primary term and includes three (5-year) renewal options. Rent escalations are provided at 8.0% every five years throughout the initial term and option periods. The offering is underpinned by stable net operating income of $102,000.
Located at 1808 US-98 in Daphne, Alabama, the asset sits along a well-trafficked retail corridor. The lease is structured with approximately 20 years remaining on the primary term and includes three (5-year) renewal options. Rent escalations are provided at 8.0% every five years throughout the initial term and option periods. The offering is underpinned by stable net operating income of $102,000.
Key Highlights
- Single‑tenant triple net (NNN) retail investment occupied by O'Reilly Auto Parts.
- 6,800 SF retail building on a 0.56‑acre parcel along a well‑trafficked retail corridor at 1808 US‑98 in Daphne, AL.
- Lease has approximately 20 years remaining on the primary term.
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 | $114.2k | $16.80 |
| − Vacancy | −$9.7k | −$1.43 |
| EGI | $104.5k | $15.37 |
| − OpEx | −$31.4k | −$4.61 |
| NOI | $73.2k | $10.76 |
6,800 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$914.6K – $1.22M
NOI $73,171 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,468 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
NNN property - Single-tenant NNN retail building occupied by O'Reilly Auto Parts on a 0.56-acre parcel.
Where is this nnn property located?
The property is located at 1808 US HWY 98 Daphne, AL.
What is the asking price?
The asking price for this property is $1,511,000.
What are key features of this property?
This property features: Single‑tenant triple net (NNN) retail investment occupied by O'Reilly Auto Parts.; 6,800 SF retail building on a 0.56‑acre parcel along a well‑trafficked retail corridor at 1808 US‑98 in Daphne, AL.; Lease has approximately 20 years remaining on the primary term.
