3941 Airport Blvd
Mobile, AL 36608
Red Lobster · Retail Property For Sale

This Red Lobster investment property is situated on Airport Boulevard, approximately six miles from the heart of downtown Mobile, the third-most populous city in the U.S. state of Alabama. Airport Boulevard boasts an average daily traffic count of approximately 67,500 vehicles and intersects with Interstate-65, which brings an additional 90,500 vehicles into the immediate surrounding area each day. There are more than 69,000 individuals residing within a three-mile radius of the subject property and more than 172,000 individuals within a five-mile radius. Average household income for homes within three miles of the subject property exceeds $68,000. The subject property is strategically positioned in a highly dense retail corridor that consists of numerous regional and national tenants, shopping centers and hospitality accommodations, all within close proximity of the site. Major national tenants in the immediate area include: Walmart, Sam’s Club, Whole Foods, Home Depot, Lowe’s, Target, Big Lots, Stein Mart, Walgreens, McDonald’s, Chick-fil-A, Burger King, Wendy’s, Taco Bell, in addition to many others. The subject property is additionally located just over one mile from The Shoppes at Bel Air Mall (super-regional shopping mall consisting of 1,345,000 square-feet and over 100 stores) and Springdale Mall (15+ stores). The subject Red Lobster benefits from being located within close proximity of various hospitality accommodations. Among them are: Hampton Inn & Suites, Courtyard by Marriott, InTown Suites, Residence Inn, Fairfield Inn & Suites, Springhill Suites, Baymont by Wyndham, Comfort Inn, Econo Lodge, and more. Several academic institutions lie within a three-mile radius of the subject property, including: WP Davidson High School, Spring Hill College, UMS-Wright Preparatory School, St. Paul’s Episcopal School, Denton Magnet School of Technology, and Spencer-Westlawn Elementary School. Together, these academic institutions boast a total combined enrollment exceeding 6,300 students. The subject property also benefits from its immediate access to healthcare, being located approximately one mile from Springhill Medical Center, a 260-bed full-service hospital. For those looking to start a business, relocate or expand, Mobile has the right combination of low business costs, a skilled workforce in a right-to-work state, an unmatched infrastructure, favorable taxes and incentives, and a high quality of life in a beautiful coastal area. A few of Mobile’s key assets include: five Class 1 railroads and Interstates 10 and 65 that lead to major U.S. markets; Mobile Downtown Airport and Mobile Regional Airport; the 9th-largest port by tonnage in the U.S.; a skilled workforce in a right-to-work state; AIDT – national leader in training and workforce development programs; strong foreign investment presence, including more than 40 companies representing more than 20 countries; 1,650-acre (667-ha) center for aviation and logistics – Mobile Aeroplex at Brookley; established clusters in key industries – aviation/aerospace, chemical, shipbuilding, and steel manufacturing; 1.6 million people with a median age of 38 living within 60 miles; and a low cost of living and doing business.