8364 Highway 188
Coden, AL 36523
Dollar General | New 15-Year NNN · Retail Property For Sale

The subject property is a brand new freestanding Dollar General store in Coden, AL just outside of Mobile. The store is ideally located on Highway 188, with an average daily traffic count exceeding 6,000. Dollar General should benefit tremendously from the limited competition in the area. Nearby tenants include PNC Bank, Regions Bank and Pizza Hut. Dollar General is signed to a 15-year NNN lease that commenced in April, 2017 upon store opening. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Five (5), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal period. Coden is located in Mobile County. Mobile is the county seat of Mobile County, Alabama, United States. The population within the city limits was 195,111 as of the 2010 United States Census, making it the third most populous city in Alabama, the most populous in Mobile County, and the largest municipality on the Gulf Coast between New Orleans, Louisiana, and St. Petersburg, Florida. Alabama's only saltwater port, Mobile is located at the head of the Mobile Bay and the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city beginning with the city as a key trading center between the French and Native Americans down to its current role as the 12th-largest port in the United States. Mobile is the principal municipality of the Mobile Metropolitan Statistical Area. This region of 412,992 residents is composed solely of Mobile County; it is the third largest metropolitan statistical area in the state. Mobile is the largest city in the Mobile-Daphne"Fairhope CSA, with a total population of 604,726, the second largest in the state. As of 2011, the population within a 60-mile radius of Mobile is 1,262,907.