28791 US Highway 98
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28791 US Highway 98
2,280 SF Retail Building Daphne, AL 36526 $1,799,000 ($789/SF) 6.50% Cap Rate
Investment Highlights
- Traffic count is 37,500 AADT.
- Nearby many national tenants including Home Depot, Bass Pro Shop, Dick's Sporting Goods, Waffle House, Zaxby's, etc.
- The property is located on US 98 within one mile of I-10.
- Strategically positioned in the main retail corridor in Daphne, AL right next to a busy car wash.
Executive Summary
This investment property is listed with a single national tenant - One Water Marine/ Legendary Marine that operates "Sunrise Marine Daphne" business at that location.
The property is located on US 98 within one mile of I-10 and is strategically positioned in the main retail corridor in Daphne, AL right next to a busy car wash and alongside to many national hospitality, restaurant, and retail tenants: Home Depot, Bass Pro Shop, Dick's Sporting Goods, Waffle House, Zaxby's, etc.
Traffic count is 37,500 AADT.
The property sits on 1.95 acres with an easy access from US-98 through a service road and has one permanent building and one temporary building: temporary sales office (~1000 sqft) and a maintenance/ service facility (~2,280 sqft building).
The lease is onhand and can be sent to interested parties. The tenant has a first right of refusal to any offers that are accepted. No signage on the property at owner's request. All showing requests need to contact Joe Courtney 251-604-7189 or Manning Courtney 251-622-3590.
The property is located on US 98 within one mile of I-10 and is strategically positioned in the main retail corridor in Daphne, AL right next to a busy car wash and alongside to many national hospitality, restaurant, and retail tenants: Home Depot, Bass Pro Shop, Dick's Sporting Goods, Waffle House, Zaxby's, etc.
Traffic count is 37,500 AADT.
The property sits on 1.95 acres with an easy access from US-98 through a service road and has one permanent building and one temporary building: temporary sales office (~1000 sqft) and a maintenance/ service facility (~2,280 sqft building).
The lease is onhand and can be sent to interested parties. The tenant has a first right of refusal to any offers that are accepted. No signage on the property at owner's request. All showing requests need to contact Joe Courtney 251-604-7189 or Manning Courtney 251-622-3590.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
2,280 SF
Building Class
B
Year Built
2017
Price
$1,799,000
Price Per SF
$789
Cap Rate
6.50%
NOI
$116,935
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.95 AC
Zoning
B-2 - Commercial
Frontage
160 FT on U.S. 98
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Sunrise Marine
- Retailer
- -
- -
- Triple Net
- Nov 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Sunrise Marine | Retailer | - | - | Triple Net | Nov 2026 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $345,100 | |
| Land Assessment | $205,320 | Total Assessment | $550,420 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$205,320
Improvements Assessment
$345,100
Total Assessment
$550,420
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28791 US Highway 98
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