5375 Us-90 Mobile, AL 36619
- Retail properties
- 1,421 SF
- 0.61 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5375 Us-90
- Year built
- 2024
- Lot size
- 0.61 lot acres
- Property size
- 1,421 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,421 square foot, single-tenant auto shop in Mobile, Alabama. Located at 5375 US-90, this property boasts a strong 6.50% cap rate and a 20-year triple-net (NNN) lease with a corporate guarantee, ensuring consistent income. The tenant, Take 5 Oil Change, occupies the entire 100% of the building, constructed in 2024, situated on a 0.61-acre lot. The annual net operating income (NOI) is $105,000, with built-in annual rent increases of 1.50%. The asking price is $1,615,385, translating to a price per square foot of $1,136.79. This is a turnkey investment with minimal management responsibilities, offering a secure and profitable return for the discerning investor. The lease commenced upon closing. This prime location in Mobile County, Alabama, zip code 36619, provides excellent visibility and accessibility. The property's strong tenant, lease terms, and location combine to create a compelling investment opportunity with significant long-term potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1684
- Latitude
- 30.5927
