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Bank

Truist Bank

736 Hillcrest Rd, Mobile, AL 36608

Listing Price: $1,698,000

Cap Rate
7.25%
Tenant Name
Truist
Years Remaining On Lease
1.7
Gross SF
3,750
Guarantor
Corporate Guarantee
Rentable SF
3,750
Price/Gross SF
$452.80
Lease Type
Absolute Net
Rent Per Square Feet
$32.83

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Mobile, Alabama. The property consists of a 3,750-square-foot, freestanding building that sits on 1.32 acres of land. There are 1.8 years remaining on the current lease term. Broker of Record for AL: Eddie Greenhalgh, License: 000088298-0, P: (205) 510-9200

Investment Highlights

  • Absolute Net Lease with 1.8 Years Remaining
  • Near the Signalized Intersection of Hillcrest Road and Airport Boulevard (Combined 53,280 VPD)
  • Large 1.32 Acre Parcel with Ample Parking and Multiple Access Points
  • More than 130,987 Residents Within a Five-Mile Radius
  • Less than a Mile to USA Health Providence Hospital, a 349-Bed, Full Service Medical Facility
  • Proven Location and Operator
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Mobile is Home to One of the Largest Deep-Water Ports in the Nation, the Port of Mobile ($98.3 Billion Economic Impact for the State in 2023)

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Listing Price: $1,698,000

Cap Rate
7.25%
Tenant Name
Truist
Years Remaining On Lease
1.7
Gross SF
3,750
Guarantor
Corporate Guarantee
Rentable SF
3,750
Price/Gross SF
$452.80
Lease Type
Absolute Net
Rent Per Square Feet
$32.83

Investment Highlights

  • Absolute Net Lease with 1.8 Years Remaining
  • Near the Signalized Intersection of Hillcrest Road and Airport Boulevard (Combined 53,280 VPD)
  • Large 1.32 Acre Parcel with Ample Parking and Multiple Access Points
  • More than 130,987 Residents Within a Five-Mile Radius
  • Less than a Mile to USA Health Providence Hospital, a 349-Bed, Full Service Medical Facility
  • Proven Location and Operator
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Mobile is Home to One of the Largest Deep-Water Ports in the Nation, the Port of Mobile ($98.3 Billion Economic Impact for the State in 2023)

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Mobile, Alabama. The property consists of a 3,750-square-foot, freestanding building that sits on 1.32 acres of land. There are 1.8 years remaining on the current lease term. Broker of Record for AL: Eddie Greenhalgh, License: 000088298-0, P: (205) 510-9200

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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