2550 Dauphin St - Drug Store FOR SALE


Mobile, AL 36606- Midtown Mobile
$3,516,000 USD
760-448-2449
2550 Dauphin St, Mobile, AL for Sale
$3,516,000 USD
Drug Store - FOR SALE
1/9
null | 7.15% Cap Rate

2550 Dauphin St
Mobile, AL 36606
Midtown Mobile


HIGHLIGHTS

  • CVS Health Corp: Investment  Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the US | Revenues of $357.8 Billion | #6 on Fortune 500
  • 4 Years Remaining on Lease Term | Long-Term Passive Income Stream | Absolute NNN Lease
  • Real Estate Advantage | Signalized Corner with Combined 30,000+ VPD | Strong Draw to Trade Area | Proximity to the Gulf of Mexico
  • Attractive Demographics & Growing Market | Moderate and Steady Growth in Recent Years - Continued Population Increases Due to Growing Job Market
  • Potential for Long Term Value Appreciation | Continued Urban Development - Growth Trajectory
  • Strong Local Economy and Demographics | Top Employers: Huntington Ingalls Industries, University of South Alabama, Boeing, & Austal

OVERVIEW

Lee & Associates is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a CVS Pharmacy investment property located in Mobile, AL (the “Property”). Constructed in 2004 as a build-to-suit for CVS, the Property consists of a 10,125-square-foot retail building with drive thru lane situated on a 1.61-acre parcel. This property is on an Absolute-NNN lease, providing a stable and passive income stream with zero landlord responsibilities. The area surrounding the property features a high-density residential neighborhood with excellent traffic flow, making this location a convenient and highly accessible destination for customers. Additionally, Mobile's strategic location along the Gulf of Mexico facilitates commercial growth, making the region a thriving hub for both business and tourism.

FOR SALE DETAILS

PRICE

$3,516,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

29-07-23-0-006-123

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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