740 N Schillinger Rd N | Mobile, AL 36608
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740 N Schillinger Rd N
Mobile, AL 36608
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Rent to Sales Ratio – This store has a rent to sales ratio of 2.22%, incentivising the grocer to stay at the site long-term.
- Attractive Below Market Rent – Winn Dixie only pays $7.00 per square foot in rent.
- Over 96,000 people live within a 5-mile radius of this grocery store, providing a great market of shoppers.
- Completely Passive Investment – The lease is absolute NNN (no landlord responsibilities).
- Grocery retail is considered recession resistant, as consumers prioritize spending on essential goods even during economic downturns
- Property is located on a hard, signalized corner with access to the store from highly trafficked Schillinger Road and Zeigler Boulevard.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
48,516 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
4.68 AC
Zoning
C - Commercial
Parking
336 Spaces (7.64 Spaces per 1,000 SF Leased)
Frontage
382’ on N Schillinger Rd
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 28-03-07-3-000-001.006 | Improvements Assessment | $734,400 |
| Land Assessment | $201,580 | Total Assessment | $935,980 |
PROPERTY TAXES
Parcel Number
28-03-07-3-000-001.006
Land Assessment
$201,580
Improvements Assessment
$734,400
Total Assessment
$935,980
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