Advance Auto Parts NNN
3923 Government Boulevard, Mobile, AL 36693
For Sale
Contact for pricing
The site pairs a retail building with a multi-acre parcel on Government Boulevard.
Property Size19,800 SF
Lot Size2.77 Acres
Price / SF$160.10
Days on Market29
Property Features for 3923 Government Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 903-3399
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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 Colliers - Los Angeles - Orange County, California
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Investment Insights
Based on property information with market context.
The Advance Auto Parts property in Mobile includes a 19,800-square-foot building completed in 2017 on a 2.77-acre parcel. The lease provides four 5-year option periods, with 5% rent increases at each option period and limited landlord responsibilities.
The property fronts Government Boulevard, where traffic exceeds 32,300 vehicles per day. Downtown Mobile is 8 miles away. Nearby retailers and businesses include Burger King, Waffle House, Dollar General, Northern Tool + Equipment, Murphy USA, Shell and Mavis Tire.
The property fronts Government Boulevard, where traffic exceeds 32,300 vehicles per day. Downtown Mobile is 8 miles away. Nearby retailers and businesses include Burger King, Waffle House, Dollar General, Northern Tool + Equipment, Murphy USA, Shell and Mavis Tire.
Key Highlights
- 19,800‑square‑foot building completed in 2017
- 2.77‑acre parcel in Mobile, Alabama
- Government Boulevard location with traffic exceeding 32,300 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,079
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,241,580
$5.2M
Cap Rate 7%
$3,743,986
$3.7M
Cap Rate 9%
$2,911,989
$2.9M
Market Conditions
NOI Build-Up for 19,800 SF
Gross rent
$392.0K $19.80/SF
− Vacancy
−$17.6K −$0.89/SF
EGI
$374.4K $18.91/SF
− OpEx
−$112.3K −$5.67/SF
NOI
$262.1K $13.24/SF
Area
Mobile, AL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,241,580
Cap Rate 7%
$3,743,986
Cap Rate 9%
$2,911,989
Alternative Uses
Best Use
Retail
$3.74M
$3.28M – $4.37M
NOI $262,079 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.03M
$4.40M – $5.87M
NOI $352,275 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
32,300 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 36693, AL
18,914
Population
8,833
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,489
Density / Sq Mi
$69,580
Median Household Income
$41,328
Median Earnings
$1,090
Median Rent
$199,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for NNN properties in Mobile County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The site pairs a retail building with a multi-acre parcel on Government Boulevard.
Where is this nnn property located?
The property is located at 3923 Government Boulevard Mobile, AL.
What is the asking price?
The asking price for this property is $3,170,000.
What are key features of this property?
This property features: 19,800‑square‑foot building completed in 2017; 2.77‑acre parcel in Mobile, Alabama; Government Boulevard location with traffic exceeding 32,300 vehicles per day
