Property Listing No Longer Available for Sale

5925 Grand Bay Wilmer Road South

Grand Bay, AL

Retail for Sale - $1,040,494 - 9 Sq. Ft. on 1.37 acres


Property Info

CIMLS#214092
Location
  5925 Grand Bay Wilmer Road South
  Grand Bay AL
UpdatedDecember 1st, 2011
TypeRetail
Price$1,040,494
Building9 Sq. Ft.
Land1.37 acres

Property Description

I am blessed to represent the largest developer of Dollar General stores in the country. We build/sell over 70 stores a year for the past 10 years, so if you need one store or a bundle, we can do that. This store in Grand Bay, Alabama (Mobile County) opens December 12, 2011. It has 1.37+- acres, 9,026ft2 building. The yearly rental income is $83,239.56. The CAP rate is 8%. It is a brand new free standing building with a true NNN lease with a 15 year initial term lease with 5-5 year options. Dollar General picks up the options 94% of the time on average. The sales price is $1,040.494.50.


Financials


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