1250 Satchel Paige Dr - Freestanding FOR SALE


Mobile, AL 36606- Mertz
$32,172,000 USD
248-688-0631
1250 Satchel Paige Dr, Mobile, AL for Sale
$32,172,000 USD
Freestanding - FOR SALE
1/10
null | 7% Cap Rate

1250 Satchel Paige Dr
Mobile, AL 36606
Mertz


HIGHLIGHTS

  • 17 Years Remaining | New Construction | Scheduled Rental Increases | Premier Entertainment Venue
  • Outparcel to McGowin Park (374,000 SF) | Immense Retail Corridor | National/Credit Tenant Presence
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Major Cloverleaf Interchange (118,500 VPD) | Excellent Visibility & Access
  • Hospitality Cluster | Proximity to Numerous Hotels
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

The subject property is strategically located near the convergence of US Highway 90 and Interstate 65, averaging a combined 118,500 vehicles passing by daily. Furthermore, the site is situated as an outparcel to McGowin Park (374,000 SF), a premier retail destination anchored by Ross Dress for Less, HomeGoods, Best Buy, and Petco. The asset is within close proximity to several prominent retail centers including the Shoppes at Bel Air (1,345,000 SF) and Festival Centre (380,619 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure to the site. Notable tenants within the trade area include Costco Wholesale, Dave & Buster’s, Hobby Lobby, Walmart Supercenter, Target, the Home Depot, and more. Finally, the asset is surrounded by numerous hotels including Home2Suites by Hilton Mobile (105 rooms), Tru by Hilton Mobile (90 rooms), and Homewood Suites by Hilton Mobile (99 rooms), providing a direct consumer base from which to draw. The 5-Mile trade area is supported by 145,000 residents and 91,200 employees, with an average household income of $78,152.

FOR SALE DETAILS

PRICE

$32,172,000 USD

PRICE/SF

$451 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TopGolf

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

249

LAND DETAILS

LAND ACRES

9.7 AC

LAND SF

422,532 SF

ZONING

B-3

APN/PARCEL ID

29-09-51-0-012-006.013

ASK ABOUT THIS PROPERTY

Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.