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TopGolf 1250 Satchel Paige Dr 37,000 SF Retail Building Mobile, AL 36606 $32,172,000 ($869.51/SF) 7% Cap Rate



Investment Highlights
- 17 Years Remaining | New Construction | Scheduled Rental Increases | Premier Entertainment Venue
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Hospitality Cluster | Proximity to Numerous Hotels
- Outparcel to McGowin Park (374,000 SF) | Immense Retail Corridor | National/Credit Tenant Presence
- Major Cloverleaf Interchange (118,500 VPD) | Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area
Executive Summary
The subject property is strategically located near the convergence of US Highway 90 and Interstate 65, averaging a combined 118,500 vehicles passing by daily. Furthermore, the site is situated as an outparcel to McGowin Park (374,000 SF), a premier retail destination anchored by Ross Dress for Less, HomeGoods, Best Buy, and Petco. The asset is within close proximity to several prominent retail centers including the Shoppes at Bel Air (1,345,000 SF) and Festival Centre (380,619 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure to the site. Notable tenants within the trade area include Costco Wholesale, Dave & Buster’s, Hobby Lobby, Walmart Supercenter, Target, the Home Depot, and more. Finally, the asset is surrounded by numerous hotels including Home2Suites by Hilton Mobile (105 rooms), Tru by Hilton Mobile (90 rooms), and Homewood Suites by Hilton Mobile (99 rooms), providing a direct consumer base from which to draw. The 5-Mile trade area is supported by 145,000 residents and 91,200 employees, with an average household income of $78,152.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,000 SF
Building Class
C
Year Built
2023
Price
$32,172,000
Price Per SF
$869.51
Cap Rate
7%
NOI
$2,252,037
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
9.70 AC
Zoning
B-3 - Community Business
Parking
249 Spaces (6.73 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-09-51-0-012-006.013 | Improvements Assessment | $1,678,320 |
| Land Assessment | $852,280 | Total Assessment | $2,530,600 |
Property Taxes
Parcel Number
29-09-51-0-012-006.013
Land Assessment
$852,280
Improvements Assessment
$1,678,320
Total Assessment
$2,530,600
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TopGolf | 1250 Satchel Paige Dr
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