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Walgreens

370 Schillinger Road South, Mobile, AL, USA
$4,778,378 9.25% Cap 15,120 sq ft Representative Photo Print This Page

Location

370 Schillinger Road South, Mobile, AL, USA

Price: $$4,778,378
CAP Rate 9.25%
Net Operating Income: $442,000
Square-Footage: 15,120
Lot Size: 1.57 AC

100% Fee Simple InterestCorporate GuaranteeLocated on a Major Commercial ThoroughfareMinimal Landlord ObligationsNet Leased OfferingRated CreditS&P Rated BBBSurrounded by Major Retailers

This offering is for the 100% fee simple interest in the land and building. The property is leased to Walgreens under a net lease. The lease calls for minimal landlord obligations. The property benefits from its location on a highly trafficked thoroughfare in a thriving market. The asset is surrounded by national retailers including Walmart Supercenter, Lowe’s, Hobby Lobby and Chick-fil-A The asset also benefits from its location at a signalized hard corner with excellent visibility.

Mobile is a port city on Alabama’s Gulf Coast. The WWII-era USS Alabama battleship is anchored in Battleship Memorial Park. Floats, costumes and photos at the Mobile Carnival Museum illuminate the city’s centuries-old Mardi Gras tradition. The 1850 Cathedral Basilica of the Immaculate Conception features intricate German stained glass. International fine and decorative art is displayed at the Mobile Museum of Art.

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presented by

Jacob Abusharkh Managing Principal View profile
Kase Abusharkh Founding Principal View profile

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