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1500 Government Street
Mobile, AL 70802
Asking Price
$7.29M
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 42,600 SqFt <ul><li>Large ±42,600 square foot shopping center is fully leased as of 2026</li><li>Located near Downtown, in a densely populated area with over 102,000 people within a five-mile radius</li><li>Traffic counts on Government are 23,390 vehicles per day as of 2024, per ALDOT</li><li>Shopping Center receives over 500,000 visitors per year, per placer.ai</li><li>Dollar Tree ranks above 70th percentile for all its stores nationwide, and in 85th percentile in Alabama</li><li>Adjacent Aldi shoppi
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NOI
$80,000
Cap Rate
1.10%
DSCR
0.18
Underwater
Cash-on-Cash
-16.13%
Monthly Payment
$36,091.68
Annual Cash Flow
$-353,100.157
