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Description

This property consists of two units totaling 10,495 SF on 1.15 acres with ample parking. Dollar General, which has occupied the site since 2005, and Dog Shop, since 2021, both recently extended their leases through July 2025—marking Dollar General’s third contractual renewal—showing strong tenant commitment. The property is well-maintained with no deferred maintenance, including a partial roof replacement and reinforced adjoining point in 2023, parking lot replacement in 2023, and a new HVAC system for Dollar General in 2021. The site benefits from strong demographics, with nearly 49,800 residents and a $76,000 average household income within a 5-mile radius. Dollar General’s current rental rate of $6.82/SF remains well below new construction rates, reducing relocation risk. Strategically located on heavily traveled Snow Road, a key north-south connector between Airport Boulevard and Moffett Road, the property enjoys excellent visibility, steady traffic, strong local residential density, and convenient access to Mobile’s major thoroughfares.

Listing Details

  • Cap Rate

    8%

  • Tenancy

    Multi

  • Space Type

    retail

  • Sub Category

    convenience-store

  • Date Listed

    10/2/2025

  • Ownership Info

    Fee Simple

  • Broker/Agent Co-op

    Yes

  • Investment Type

    Stabilized

  • Net Operating Income

    $76,466

  • Brand Info

    Dollar General

  • Ground Lease

    No

Property Specifics

  • Property Name

    Dollar General | 769 Snow Rd N

  • No of Buildings

    1

  • No of Stories

    1

  • No of Units

    2

  • Year Built

    2005

  • Building Size

    10,495 SF

  • Lot Size

    1.15 AC

  • APN

    27-02-09-0-000-023.006

  • Zoning

    Commercial

  • Occupancy

    100%

Property Amenities

Unit Amenities

Natural Light
Onsite Parking

Location Amenities

Commuter Rail
Public Transportation