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Drug Store

6395 Airport Blvd

6395 Airport Blvd, Mobile, AL 36608

Listing Price: $6,219,060

Cap Rate
5.75%
Tenant Name
Walgreens Co.
Years Remaining On Lease
9.7
Gross SF
13,669
Guarantor
Corporate Guarantee
Rentable SF
13,669
Price/Gross SF
$454.98
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.16

Investment Overview

Marcus & Millichap is pleased to present 9395 Airport Boulevard in Mobile, AL. There are over 10 years remaining n the original 25-year lease. The property is a absolute tripe met with zero landlord responsibilities. The property is in close proximity to Providence Hospital. The store is located at two signalized intersections with over 64,000 vehicles per day.

Investment Highlights

  • Original 25-Year lease, 10+ Years remaining on Base Term
  • Corporate Guaranty from Investment Grade Tenant (Rated BBB by S&P), ranked 16th on Fortune 500
  • Leading Pharmacy Store Chain in the U.S. with 9,270+ Locations

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Drug Store

6395 Airport Blvd

Listing Price: $6,219,060

Cap Rate
5.75%
Tenant Name
Walgreens Co.
Years Remaining On Lease
9.7
Gross SF
13,669
Guarantor
Corporate Guarantee
Rentable SF
13,669
Price/Gross SF
$454.98
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.16

Investment Highlights

  • Original 25-Year lease, 10+ Years remaining on Base Term
  • Corporate Guaranty from Investment Grade Tenant (Rated BBB by S&P), ranked 16th on Fortune 500
  • Leading Pharmacy Store Chain in the U.S. with 9,270+ Locations

Investment Overview

Marcus & Millichap is pleased to present 9395 Airport Boulevard in Mobile, AL. There are over 10 years remaining n the original 25-year lease. The property is a absolute tripe met with zero landlord responsibilities. The property is in close proximity to Providence Hospital. The store is located at two signalized intersections with over 64,000 vehicles per day.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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