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9948 Airport Boulevard - Vigouroux Marketplace, Mobile, AL

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DetailMap
9948 Airport Boulevard - Vigouroux Marketplace

Mobile, AL 36608 - Outlying Mobile County Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1997
Building Size:66,125 SF Land Area:10.09 AC (439,516 SF)
Smallest Space:1,200 SF Largest Space:1,200 SF Total Space Avail:1,200 SF Rent/SF/Yr:
$12.00
Parking:Free Surface spaces are available; Ratio of 4.96/1,000 SF Anchor Tenants:Rite Aid, Winn-Dixie
Features:Signage, Drive Thru


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,200 SF
$12.00/SF/Yr
Vacant
3 yrs
Retail
 
9518683
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,200 SF
$12.00/SF/Yr
Vacant
3 yrs
Retail

Sale Notes:
Vigouroux Marketplace is a ±66,125 SF neighborhood center anchored by a 44,000 SF Winn-Dixie grocery store that has operated at the Property since 1997. The center is co-anchored by a Rite Aid drugstore that has also been in occupancy since the Property was developed. Winn-Dixie and Rite Aid combine to account for 82% of the GLA at the Property and more than 80% of the annual, in-place revenue. Other tenants at the Property include Edward Jones, Little Caesars Pizza and Subway among others.

The center, located in Mobile, Alabama (Jacksonville MSA), is currently 98% occupied. The Property fronts along Airport Boulevard and is situated approximately two miles west of Mobile Regional Airport. The ±10.05-acre Vigouroux Marketplace serves as the only grocery-anchored center within a large radius and serves a captive trade area, thus Winn-Dixie' s 20-year history at the Property. The center has highly attractive, in-place financing that must be assumed by the buyer (4.305% interest rate) and is likely to transact at a level that represents a tangible discount to replacement costs.


Stirling Properties LLC
Angela McArthur
(251) 342-7229



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