ALABAMA BROKER OF RECORD.... SPENCER AKIN....License No. 000083270-0
Faris Lee Investments is pleased to present the opportunity to acquire the fee simple interest in a 20,365 SF retail building anchored by CSL Plasma. Located in the heart of Mobile, Alabama, this investment offers stable cash flow, minimal landlord responsibilities, and strong real estate fundamentals in a central, high-traffic location.
The property is anchored by CSL Plasma, a wholly owned subsidiary of CSL—a global biotechnology leader with annual revenues exceeding $14.8 billion as of 2024. CSL Plasma is one of the world’s largest collectors of human plasma, operating over 350 locations across the U.S. and Europe with a workforce of more than 17,000 employees. As a mission-driven enterprise specializing in life-saving therapies for immune diseases, vaccines, and iron deficiencies, CSL represents a high-credit, investment-grade tenant ideal for long-term ownership.
CSL Plasma signed a 15-year lease commencing in 2019, with the current term running through December 2034. The lease includes two (2), five (5)-year renewal options, offering up to 19 years of total potential lease term. With 10% rental increases every five years, the lease structure ensures a growing income stream, acts as a hedge against inflation, and supports long-term value appreciation.
CSL Plasma is structured as a Triple Net (NNN) lease, with the tenant responsible for property taxes, liability insurance, and common area maintenance expenses including landscaping and parking lot. The minimal landlord obligations make this asset ideal for passive investors or those seeking a 1031 exchange.
The asset also presents strong tax advantages through enhanced property depreciation and cost segregation analysis, further bolstering investment returns. As a multi-tenant retail asset, it delivers additional flexibility and long-term utility.
Strategically located at 1971 Government Street, the property lies adjacent to the University of South Alabama, the Gulf Coast’s flagship university with 14,000+ students and 5,500+ employees supporting two hospitals and a cancer research center. This prime location is central to the Mobile MSA, which serves a broad trade area extending into Southwest Alabama and Southeast Mississippi.
Mobile is the fourth-largest municipality in Alabama, home to the state’s only saltwater port and a key logistics hub. The immediate area boasts 112,000+ residents and over 48,000 households within a 5-mile radius, ensuring continued demand and relevance for CSL’s services in the local and regional economy.