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Walmart 685 Schillinger Rd S 270,459 SF 100% Leased Retail Building Mobile, AL 36695 $17,715,771 ($65.50/SF) 6% Cap Rate



Investment Highlights
- Long Term Tenant & Site Commitment
- Investment Grade Credit
- High Traffic Counts
- Irreplaceable Retail Location
- Zero Management Responsibilities
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a corporate Walmart Supercenter located at 585 Schillinger Road South in Mobile, Alabama (the “Property”). The Property is improved by a free standing 207,931 square foot building on a 19.43-acre parcel. Walmart Supercenter has been at this build-to-suit location since 1997 and recently expanded their premises and preemptively exercised their first 5-year renewal option (4 years early) demonstrating their commitment to the site and the market. Walmart Supercenter has 7+ years remaining on its NNN Lease with seven (7), 5-year renewal options. Walmart Supercenter occupies a prominent location along Schillinger Road South (AL Route 31), a major commercial and commuter corridor in the Mobile market. The Property features exceptional frontage and visibility from three roadways and offers seven points of access, allowing for convenient ingress and egress. The store is located between Home Depot and Westwood Plaza, a regional shopping center anchored by Rouses Market, Ross, and Hobby Lobby, and is surrounded by a strong concentration of national retailers and restaurants that generate substantial consumer traffic. The site is located just moments from Airport Boulevard and provides convenient access to U.S. Routes 90 and 98, as well as Interstate 65, offering efficient regional connectivity to Downtown Mobile and the broader southern Alabama area. Additionally, the Property is approximately 1.5 miles from Mobile Regional Airport, 3 miles from the University of South Alabama, and about 12 miles west of Mobile’s Central Business District, further reinforcing its accessibility and regional appeal.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
270,459 SF
Building Class
B
Year Built
1997
Price
$17,715,771
Price Per SF
$65.50
Cap Rate
6%
NOI
$1,062,946
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
7 Exterior
Building FAR
0.31
Lot Size
20.00 AC
Parking
1,357 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Walmart
- -
- -
- -
- Jul 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Walmart | - | - | - | Jul 2033 |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 9
Videos
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Photos
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Presented by
Walmart | 685 Schillinger Rd S
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