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1342 Spring Hill Avenue - Five Points Shopping Center, Mobile, AL

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DetailMap
1342 Spring Hill Avenue - Five Points Shopping Center

Mobile, AL 36604-3213 - Midtown Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1987
Building Size:29,546 SF Land Area:1.53 AC (66,499 SF)
% Leased:
For Sale Price:$799,000 Price/SF:$27.04
Cap Rate:-
Smallest Space:600 SF Largest Space:14,571 SF Total Space Avail:22,646 SF Rent/SF/Yr:
$4.00 - $12.00
Parking:Free Surface spaces are available; Ratio of 1.5/1,000 SF Anchor Tenants:Family Dollar Store, Greer's Cash Saver
Features:Bus Line, Pylon Sign, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
14,571 SF
$4.00/SF/Yr
Negotiable
Negotiable
Retail
 1st
7,475 SF
$6.00/SF/Yr
Negotiable
Negotiable
Retail
 1st
600 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
 
11886757
11886758
10080752


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
14,571 SF
$4.00/SF/Yr
Negotiable
Negotiable
Retail
1st
7,475 SF
$6.00/SF/Yr
Negotiable
Negotiable
Retail
1st
600 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
Small retail space available in a grocery-anchored shopping center. Tenant mix includes CashSaver (cost plus 10% grocery), Family Dollar and Cash America (pawn shop, financial services). Ideal for a package store, tobacco retailer or wireless communications dealership.

Five Points is located at 1342 Springhill Avenue in Midtown Mobile, AL. The vacancy is prominently located in the shopping center adjacent to Springhill Avenue. The property is surrounded by an abundance of roof tops and is proximate to Downtown. Traffic counts measure 16,000 vehicles per day along Springhill Avenue.


Sale Notes:
29,546sf shopping center. Four-unit shopping center. Two of the four units are vacant and a pawn shop occupies 6,900sf with approximately 2.5 years of term remaining. 14,572sf was previously occupied by a grocery tenant and would be suitable for a similar tenant/user. 7,475sf is currently occupied by a dollar store, but will become vacant by the end of 2017.

Five Points shopping center is located at 1342 Springhill Avenue in the midtown submarket of Mobile, Alabama. The property is situated just west of the confluence of Springhill Avenue and St. Stephens Road, just west of the Central Business District in Mobile.


NAI Mobile
David Dexter
(251) 438-4312


NAI Mobile
David Dexter
(251) 438-4312



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