7899 Cottage Hl Rd Mobile, AL 36695-4168
- Turn key restaurants
- 7,842 SF
- 0.65 lot acres
Current Use by Public Records
- Hungry Owl / American Restaurant / Cajun Restaurant
- Mob Boss Pizzeria LLC / Restaurant / Pizza Restaurant
Property Details for 7899 Cottage Hl Rd
- Year built
- 2011
- Lot size
- 0.65 lot acres
- Property size
- 7,842 SF
- Property type
- Turn key restaurants
- APN
- 34 01 01 4 000 002.004
- APU
- 3401014000002004
Description
This exceptional Class A retail property, located at 7899 Cottage Hill Rd in Mobile, Alabama, presents a compelling investment opportunity. The 7,250 square foot building sits on a 0.654-acre lot and boasts a 100% occupancy rate with two tenants: Amici Trattoria, Wine Bar, & Market and Mob Boss Pizzeria. Built in 2011, this single-story structure features 48 parking spaces and benefits from a prime location on a high-traffic corner, offering excellent visibility and accessibility. The property is situated on an outparcel of a 70,000 square foot shopping center anchored by Club4 Fitness, and enjoys proximity to other popular retailers including Whataburger, Foosackly's, and a Walmart Supercenter. The property is zoned for County use and offers a Net Lease (NNN) structure with rent bumps included. The asking price is $1,699,000, representing a compelling 8.12% cap rate and a price per square foot of $234.34. The strong tenant mix, high occupancy, and desirable location make this a truly exceptional investment opportunity with a projected NOI of $137,926. Lease options are available. The property is fee simple ownership. The occupancy date is July 9th, 2024.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,610,000
- 6.5%
- $1,385,000
- 7%
- $1,505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,770,000
- Geo Method
- $1,555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,700,000
- Retail
- $1,715,000
- Mixed-Use
- $1,695,000
- Hospitality
- $1,700,000
- Educational
- $1,690,000
- Residential Income
- $1,320,000
- Energy
- $1,495,000
- Income-Based Land
- $1,415,000
- Food Service
- $1,270,000
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.227
- Latitude
- 30.6397
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
