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3130 Ching Dairy Rd 5,000 SF 100% Leased Retail Building Mobile, AL 36618 $565,000 ($113/SF) 8.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Below-Market Rents: Current gross rents average just over $11.76/SF, offering significant future rent growth.
- High-Traffic Location with Excellent Access: Strategically positioned just off Moffett Road, the property benefits from strong visibility
- Occupancy: Multi-tenant retail properties with a three-mile radius are 98% occupied, reflecting strong tenant demand and limited supply.
- Acquisition Basis Well Below Replacement Cost: Priced at approximately $113/SF materially below estimated replacement cost
EXECUTIVE SUMMARY
Broker of Record
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
C
Year Built
2000
Price
$565,000
Price Per SF
$113
Cap Rate
8.68%
NOI
$49,036
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
21 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
109’ on Ching Dairy Rd
AMENITIES
- Signage
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 23-09-29-3-000-037.001 | Improvements Assessment | $76,840 |
| Land Assessment | $12,860 | Total Assessment | $89,700 |
PROPERTY TAXES
Parcel Number
23-09-29-3-000-037.001
Land Assessment
$12,860
Improvements Assessment
$76,840
Total Assessment
$89,700
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3130 Ching Dairy Rd
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