Fred’s Super Dollar | Robertsdale, AL

Agent Info

Brandon Kassab

248.702.0292
bkassab@encorereis.com

Mark Meram

248.702.0296
mmeram@encorereis.com

Fred’s Super Dollar | Robertsdale, AL



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Offering Information

17870 Baldwin Farms Pl
Robertsdale, AL

  • Price: $891,760
  • Cap. Rate: 8.85%
  • NOI: $78,921
  • Building Size: 16,323SF
  • Lot Size: 2.5225 AC

Investment Highlights

  • Long occupancy history—Fred’s exercised there first op-tion to renew in 2015
  • Fred’s is paying very low rent per square foot-$5.04/SF
  • Rare 20 Year Billboard Ground Lease on property
  • OUT PARCEL OF 150 + UNIT MULTI-FAMILY APARTMENT COMPLEX
  • Corporately Guaranteed lease by Fred’s Super Dollar
  • Average Household income of $60K + (1-Mile)
  • Over 20,000 vehicles pass the site per day
  • 9.50% + Projected Population Growth from 2017-2022 (1-Mile)
  • 9% + PROJECTED HOUSEHOLD GROWTH FROM 2017-2022 (1-MILE)
  • FRED’S ALSO SELLS BEER & WINE AT THE LOCATION
  • MOBILE, ALABAMA MSA