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10000 Town Center Avenue - Spanish Fort Town Center - Wells Fargo, Spanish Fort, AL

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10000 Town Center Avenue - Spanish Fort Town Center - Wells Fargo

Spanish Fort, AL 36527 - Baldwin County Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:2008
Building Size:4,043 SF Land Area:7.5 AC (326,700 SF)
For Sale Price:$1,990,476 Price/SF:$492.33
Cap Rate:5.25 %
Parking:Free Surface spaces are available
Features:Pylon Sign, Signage, Drive Thru, LEED Certified

Located at the northeast corner of I-10 and Hwy 90/98 in Spanish Fort, AL (Baldwin County, Mobile MSA).

210 Residential units, approximately 790,000 square feet of retail and restaurants, 93,600 square feet of hotel, and 67,600 square feet of office space.

Anchored by Bass Pro Shops, JCPenney and Kohl's.

In 2015, this building was awarded LEED certification by the U.S. Green Building Council.

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors the opportunity to acquire a Wells Fargo Ground Lease in Spanish Fort (Mobile), AL. Wells Fargo is operating under a 20-year base lease term, with approximately 11 years remaining and four (4), five (5) year renewal options. There are 10% rental increases every five years and at each renewal option. The NNN lease structure requires the tenant to pay for taxes, utilities, roof and structure.

Spanish Fort, A City of Spirit, is a vibrant, progressive and friendly community in which to live and raise a family and to establish and grow a business. The 2010 census lists the population of the city as 6,798. Located on the Eastern Shore of Mobile Bay, you won't have to go far to find countless opportunities for taking in the beauty of the area while fishing, boating, hunting, enjoying parks and recreational facilities, catching a spectacular sunset of the bay, dining out on fresh local seafood, or enjoying an extraordinary shopping experience.

Stan Johnson Company
Anne M Perrault
(918) 494-2690 x538

Adrian Reents
(918) 494-2690

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