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3130 Ching Dairy Rd 5,000 SF 100% Leased Retail Building Mobile, AL 36618 $770,892 CAD ($154.18 CAD/SF) 8.68% Cap Rate
Investment Highlights
- Below-Market Rents: Current gross rents average just over $11.76/SF, offering significant future rent growth.
- High-Traffic Location with Excellent Access: Strategically positioned just off Moffett Road, the property benefits from strong visibility
- Occupancy: Multi-tenant retail properties with a three-mile radius are 98% occupied, reflecting strong tenant demand and limited supply.
- Acquisition Basis Well Below Replacement Cost: Priced at approximately $113/SF materially below estimated replacement cost
Executive Summary
Broker of Record
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
C
Year Built
2000
Price
$770,892 CAD
Price Per SF
$154.18 CAD
Cap Rate
8.68%
NOI
$66,905 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
21 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
109’ on Ching Dairy Rd
Amenities
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 23-09-29-3-000-037.001 | Improvements Assessment | $105,140 CAD |
| Land Assessment | $17,596 CAD | Total Assessment | $122,737 CAD |
Property Taxes
Parcel Number
23-09-29-3-000-037.001
Land Assessment
$17,596 CAD
Improvements Assessment
$105,140 CAD
Total Assessment
$122,737 CAD
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3130 Ching Dairy Rd
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