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3130 Ching Dairy Rd, Mobile, AL, 36618

3130 Ching Dairy Rd
$565,000

Key Information

Cap Rate
8.68%
Tot. SF
5,000
Year Built
2000
Type
Shopping Centers
Occupancy
100%
NOI
$49,036

Highlights

  • Below-Market Rents: Current gross rents average just over $11.76/SF, offering significant future rent growth.
  • Occupancy: Multi-tenant retail properties with a three-mile radius are 98% occupied, reflecting strong tenant demand and limited supply.
  • High-Traffic Location with Excellent Access: Strategically positioned just off Moffett Road (±28,743 VPD), the property benefits from strong visibility, convenient ingress/egress, and proximity to dense residential and retail corridors.
  • Acquisition Basis Well Below Replacement Cost: Priced at approximately $113/SF materially below estimated replacement cost, providing a favorable entry point.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203