Miscellaneous
Greyhound Alabama
2545 Government Blvd, Mobile, AL 36606
Listing Price: $750,000
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Mobile, Alabama (the “Property”), a +/-7,133-square-foot, singletenant, industrial-flex building, located in Mobile, Alabama. The Greyhound bus station is less than four miles away from Downtown Mobile and fronts US-90, a major east-west highway in the southern United States that runs directly through downtown Mobile. Greyhound has been a tenant at the location for over 20 years and currently has term through October 2029, with no options to extend thereafter. The Property was recently renovated in 2018, and the terminal serves as a main intercity bus pickup and drop-off.
Greyhound Lines, Inc. operates the largest intercity bus service in North America. Their fleet of 1,700 coaches serves 230 stations and 1,700 destinations throughout the United States. The company's first route began in 1914, and the company adopted the Greyhound name in 1929. The company is now owned by Flix North America, Inc., an affiliate of FlixBus, and is headquartered in Downtown Dallas.
Investment Highlights
- Rare Investment Opportunity: Located in a Market that has Limited Available Inventory, Limited Vacancy and Strong Demand for Commercial Properties
- Triple-Net Lease: Minimal Landlord Responsibilities
- Strategic Location: Less than Four Miles from Downtown Mobile, Alabama
- Recently Renovated in 2018
Broker of Record
Listing Price: $750,000
Investment Highlights
- Rare Investment Opportunity: Located in a Market that has Limited Available Inventory, Limited Vacancy and Strong Demand for Commercial Properties
- Triple-Net Lease: Minimal Landlord Responsibilities
- Strategic Location: Less than Four Miles from Downtown Mobile, Alabama
- Recently Renovated in 2018
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Mobile, Alabama (the “Property”), a +/-7,133-square-foot, singletenant, industrial-flex building, located in Mobile, Alabama. The Greyhound bus station is less than four miles away from Downtown Mobile and fronts US-90, a major east-west highway in the southern United States that runs directly through downtown Mobile. Greyhound has been a tenant at the location for over 20 years and currently has term through October 2029, with no options to extend thereafter. The Property was recently renovated in 2018, and the terminal serves as a main intercity bus pickup and drop-off. Greyhound Lines, Inc. operates the largest intercity bus service in North America. Their fleet of 1,700 coaches serves 230 stations and 1,700 destinations throughout the United States. The company's first route began in 1914, and the company adopted the Greyhound name in 1929. The company is now owned by Flix North America, Inc., an affiliate of FlixBus, and is headquartered in Downtown Dallas.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments