Listed by Cummings & Associates Inc
$750,000
Strip center in West Mobile
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 4
Cap Rate 7.38%
NOI $55,405
Occupancy 100%
Tenancy Multi
Price per SqFt $125
Broker Co-Op Yes
Class B
Buildings 1
Stories 1
Lot Size (SqFt) 16,552.8
Ground Lease No
Retail | 7.38% CAP | 6,000 SqFt
Marketing description
Fully Leased strip center at 135 Schillinger Road North in West Mobile. The building includes 4 rental units plus a billboard sign Lease.
Investment highlights
Fully Leased established neighborhood strip center.
Listing Contacts
Listed by Cummings & Associates Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,405.00
$4,617.08/mo
Valuation Metrics
0
DSCR
7.39%
Cap Rate
7.39%
ROI
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