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18 W Pierpoint Dr
Mobile, AL 36606
Retail Property For Sale
Executive Summary
-Tenant: Azalea City Montessori School
-Offering Price: $799,000
-Cap Rate: 8.5%
-Building Size: +/- 5,839 SF
-Base Lease Term: Seven (7) years expiring 6/30/29
-Rent Escalation: 3% annual
-Renewal Options: One (1), Five (5) year option at $78,807 per year
-Current Rent: $67,980 per year
-Lease Type: NNN - Landlord responsible for roof and structure.
-Zoning: B-2
-Transaction type: Fee Simple
-Offering Price: $799,000
-Cap Rate: 8.5%
-Building Size: +/- 5,839 SF
-Base Lease Term: Seven (7) years expiring 6/30/29
-Rent Escalation: 3% annual
-Renewal Options: One (1), Five (5) year option at $78,807 per year
-Current Rent: $67,980 per year
-Lease Type: NNN - Landlord responsible for roof and structure.
-Zoning: B-2
-Transaction type: Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,560 SF
Building Class
C
Year Built
1975
Price
$799,000
Price Per SF
$175.22
Cap Rate
8.50%
NOI
$67,915
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
B-2
Parking
9 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
106’ on W Pierpoint Dr
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 29-08-19-2-001-061.001 | Improvements Assessment | $39,900 |
| Land Assessment | $15,360 | Total Assessment | $55,260 |
Property Taxes
Parcel Number
29-08-19-2-001-061.001
Land Assessment
$15,360
Improvements Assessment
$39,900
Total Assessment
$55,260
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