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Drug Store

Dark Rite Aid Mobile

150 S Ann St, Mobile, AL 36604

Listing Price: $1,825,000

Cap Rate
14.82%
Tenant Name
Walgreens
Gross SF
10,664
Guarantor
Corporate Guarantee
Rentable SF
10,664
Price/Gross SF
$171.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.37

Investment Overview

Mobile County is on the Alabama coast, partially bordered by Mobile Bay and the Gulf of Mexico. Known for its many live oak-lined streets, the metro is a Gulf Coast cultural center that boasts a concentration of historical architecture, neighborhoods and museums. Additionally, the metro hosts Alabamas only deep-water port and a growing manufacturing industry. It is the third largest metro in the state with 418,000 residents and is expected to add 6,700 people through 2024.

Investment Highlights

  • Less Than One Mile from Downtown | At Intersection of Three Historic Districts
  • Absolute Net Lease | Zero Landlord Responsibilities | Lease Buyout Available
  • Adjacent to Walgreens, Chevron, Shell, Take5 & Bus Stop
  • Rare Double Signalized Corner: 30,000+ Vehicles per Day
  • $135k Guaranteed BBB Income; 11,000 SF Building; 1.4-Acre Lot; Redevelopment Upside
  • Contiguous Adjacent Lot Can be Purchased, Pushing Developable Area to 2.07 Acres

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Drug Store

Dark Rite Aid Mobile

Listing Price: $1,825,000

Cap Rate
14.82%
Tenant Name
Walgreens
Gross SF
10,664
Guarantor
Corporate Guarantee
Rentable SF
10,664
Price/Gross SF
$171.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.37

Investment Highlights

  • Less Than One Mile from Downtown | At Intersection of Three Historic Districts
  • Absolute Net Lease | Zero Landlord Responsibilities | Lease Buyout Available
  • Adjacent to Walgreens, Chevron, Shell, Take5 & Bus Stop
  • Rare Double Signalized Corner: 30,000+ Vehicles per Day
  • $135k Guaranteed BBB Income; 11,000 SF Building; 1.4-Acre Lot; Redevelopment Upside
  • Contiguous Adjacent Lot Can be Purchased, Pushing Developable Area to 2.07 Acres

Investment Overview

Mobile County is on the Alabama coast, partially bordered by Mobile Bay and the Gulf of Mexico. Known for its many live oak-lined streets, the metro is a Gulf Coast cultural center that boasts a concentration of historical architecture, neighborhoods and museums. Additionally, the metro hosts Alabamas only deep-water port and a growing manufacturing industry. It is the third largest metro in the state with 418,000 residents and is expected to add 6,700 people through 2024.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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