2550 Dauphin St | Mobile, AL 36606
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- LoopNet Team
2550 Dauphin St
Mobile, AL 36606
CVS Mobile AL Increases $4.19M Absolute Net · Retail Property For Sale
Investment 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.
- ABSOLUTE NET LEASE, NO LANDLORD RESPONSIBILITIES - ±7 yrs remaining, 6 (5-yr) options, absolute net lease, no landlord responsibilities.
- LIMITED DRUGSTORE COMPETITION - No other freestanding CVS within three miles of the subject property.
- 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.
- 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%.
- MEDICAL CORRIDOR LOCATION - Located 2 mi of several medical facilities including Infirmary Health and USA Health Children's and Women's Hospital.
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,260 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.82 AC
Parking
61 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
168’ on Dauphin St
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $208,340 | |
| Land Assessment | $79,120 | Total Assessment | $287,460 |
Property Taxes
Parcel Numbers
Land Assessment
$79,120
Improvements Assessment
$208,340
Total Assessment
$287,460
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