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    10090 Al-188 Grand Bay, AL 36541

    Sponsored
    For Sale
    $1,600,000

    High-Yield Retail Property in Alabama

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-tenant, 100% occupied Dollar General convenience store located at 10090 AL-188, Grand Bay, Alabama, 36541. The property boasts a strong 5.83% cap rate, generating a substantial net operating income (NOI) of $93,280 annually. The 1.22-acre lot houses a single-story, 1957-built building, zoned for commercial use. The property is subject to an absolute NNN lease with a corporate guarantee, minimizing landlord responsibilities. The current lease, commencing May 1, 2017, and expiring May 1, 2032, has approximately 7.4 years remaining. Three five-year lease options are included, with 10% rent bumps in each. This strategically located property benefits from its proximity to Interstate 10 and Route 90, ensuring high visibility and accessibility. The asking price is $1,600,000. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The building consists of one unit and is situated in Mobile County.

    Property Features for 10090 Al-188

    General Information

    Property type
    Individual retail properties
    Lot Size
    53,143 SF

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Single‑tenant, 100% occupied Dollar General; 1.22‑acre lot, 1957 construction.
    • Absolute NNN lease with corporate guarantee, minimizing landlord responsibilities.
    • $1,600,000 asking price, 5.83% cap rate, $93,280 annual NOI.
    • Approximately 7.4 years remaining on lease, with three 5‑year options at 10% rent increases.
    • Excellent location near I‑10 and Route 90 in Grand Bay, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Grand Bay
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2803095
    Latitude
    30.4518022

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property in Alabama
    Where is this individual retail property located?
    The property is located at 10090 Al-188 Grand Bay, AL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Single-tenant, 100% occupied Dollar General; 1.22-acre lot, 1957 construction.; Absolute NNN lease with corporate guarantee, minimizing landlord responsibilities.; $1,600,000 asking price, 5.83% cap rate, $93,280 annual NOI.
    Request Owner's contact information
    10090 Al-188 Grand Bay, AL 36541
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    Grand Bay, AL 36541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10090 Al-188 Grand Bay, AL 36541
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