2550 Dauphin St - Drug Store FOR SALE
Mobile, AL 36606 |
2550 Dauphin St
Mobile, AL 36606
HIGHLIGHTS
- STABLE INCOME - Income guaranteed by CVS Corporate investment grade credit rating of BBB (S&P), Top 10 Fortune 500 Company with ±9,840 locations.
- NO RENT HOLIDAY, FREE & CLEAR OF DEBT - Lease does not include a rent holiday and it is also being delivered free and clear of debt.
- ABSOLUTE NET LEASE, NO LANDLORD RESPONSIBILITIES - ±7 yrs remaining, 6 (5-yr) options, absolute net lease, no landlord responsibilities.
- 5% INCREASES IN OPTIONS - Rental increases in the 6 (5-yr) options, first option has a 1.5% increase, remaining 5 options each have a 5%.
- LIMITED DRUGSTORE COMPETITION - No other freestanding CVS within three miles of the subject property.
- MEDICAL CORRIDOR LOCATION - Located 2 mi of several medical facilities including Infirmary Health and USA Health Children's and Women's Hospital.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS Mobile AL Increases $4.19M Absolute Net
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
10125
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
61
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
29-07-23-0-006-123
