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10090 Al-188 Grand Bay, AL 36541

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High-Yield Retail Property in Alabama

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

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Listing Contact
Steve Sagmani
Steve Sagmani

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Overview

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 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

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.
(248) 833-6601 Call to check price and availability
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