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3385 Schillinger Road N - Forum Shops - Forum Shops, Semmes, AL

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3385 Schillinger Road N - Forum Shops - Forum Shops

Wal-Mart Shadow Center
Semmes, AL 36575 - Outlying Mobile County Submarket

(2.7 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:2007
Building Size:37,341 SF Land Area:5.42 AC (236,095 SF)
% Leased:
For Sale Price:$4,000,000 Price/SF:$107.12
Cap Rate:8.54 %
Smallest Space:6,254 SF Largest Space:6,254 SF Total Space Avail:6,254 SF Rent/SF/Yr:
$8.00
Parking:Free Surface spaces are available; Ratio of 5/1,000 SF
Features:Pylon Sign, Signage, Drive Thru


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
6,254 SF
$8.00/SF/Yr
Vacant
3-5 yrs
Retail
 
12308285


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
6,254 SF
$8.00/SF/Yr
Vacant
3-5 yrs
Retail
Parcel # - R022407251000007.

Reduced rental rates! This center is located in the heart of Semmes retail and shares cross parking with Walmart Supercenter and has pylon signage.

Please contact the agent for more information about this listing.

Nearby Retailers Include: Walmart Supercenter, Rite Aid, Dollar Tree, Verizon Wireless, Family Dollar, Subway, Planet Beach, Check Into Cash, Eyeworld Vision Center, Century Bank, Shoe Dept., Cato, Regions Bank and H&R Block to name a few.

Sale Notes:
Franklin Street presents Forum Shops a 37,341-SF Walmart shadow center in Semmes, Alabama. Semmes is a northwest suburb of Mobile, Alabama in south Alabama. Forum Shops was developed in 2007 and has cross access with a Walmart Supercenter. The property has a strong tenant mix of restaurants, daily use operators, and retailers with only one 6,254-SF space remaining vacant. The retail trade area easily stretches 15 miles
to the west and north of the property as this is the only Walmart Supercenter in 15+ miles in those directions. The property has been professionally managed and shows no deferred maintenance. The owner recently resealed and re striped the parking lot. The intersection in front of the property is heavily trafficked with over 29,170 VPD traveling along Moffett Road. Other national retailers at this intersection include: Dollar Tree, Ollie’s Bargain Outlet, Rite Aid, Autozone, GameStop, Goodwill, Arby’s, McDonald’s, Sonic, among many others.

Semmes is part of the Mobile MSA with 604,726 residents, it is the third-largest metropolitan statistical area in the state and the largest municipality on the Gulf Coast between New Orleans, Louisiana, and St. Petersburg, Florida. Alabama’s only saltwater port, Mobile is located on the Mobile River at the head of the Mobile Bay and the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city, beginning with the settlement as an important trading center between the French colonists and Native Americans, down to its current role as the 12th-largest port in the United States. Considered one of the Gulf Coast’s cultural centers, Mobile has several art museums, a symphony orchestra, professional opera, professional ballet company, and a large concentration of historic architecture. Mobile is known for having the oldest organized Carnival or Mardi Gras celebrations in the United States.

Franklin Street Real Estate Services
Bryan Belk
(404) 832-1250

John Tennant
(404) 832-1250 x409


Stirling Properties LLC
Jeff Barnes
(251) 375-2496

Jill Meeks
(251) 375-2499



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