Share This Listing

Message

948 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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
1,182’ on Schillinger Rd S

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

Woodforest National Bank
Sonny"s Real Pit Bar B-Q
Golden Corral Buffet & Grill
Steak ‘n Shake
Waffle House
Chili's Grill & Bar
Hotworx
Starbucks
Costa Coffee
Rouses Markets
  • Listing ID: 39872322

  • Date on Market: 3/23/2026

  • Last Updated:

  • Address: 685 Schillinger Rd S, Mobile, AL 36695

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}