Drug Store

Dark Rite Aid Mobile

150 S Ann St, Mobile, AL 36604

Listing Price: $2,000,000

Cap Rate
13.53%
Tenant Name
Walgreens
Years Remaining On Lease
0.4
Gross SF
10,664
Guarantor
Corporate Guarantee
Rentable SF
10,664
Price/Gross SF
$187.55
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

  • Rare Double Signalized Corner: 30,000+ VpD
  • $200k Guaranteed BBB Income + 11k SF Bldg + 1.4AC Lot + Redevelopment Upside
  • Contiguous Adjacent Lot Can be Purchased, Pushing Developable Area to 2.07AC
  • <1-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

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Drug Store

Dark Rite Aid Mobile

Listing Price: $2,000,000

Cap Rate
13.53%
Tenant Name
Walgreens
Years Remaining On Lease
0.4
Gross SF
10,664
Guarantor
Corporate Guarantee
Rentable SF
10,664
Price/Gross SF
$187.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.37

Investment Highlights

  • Rare Double Signalized Corner: 30,000+ VpD
  • $200k Guaranteed BBB Income + 11k SF Bldg + 1.4AC Lot + Redevelopment Upside
  • Contiguous Adjacent Lot Can be Purchased, Pushing Developable Area to 2.07AC
  • <1-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

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

    License(s): AL: 0000882980

    Alabama

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