5456 Highway 90 W
Mobile, AL 36619
Boot Barn | Mobile, AL · Retail Property For Sale

The lease is signed by Boot Barn, Inc., the largest and fastest-growing lifestyle retail chain devoted to western and work-related footwear, apparel and accessories in the United States. There are eight (8.8) years remaining on the lease term, plus three (3), five (5) year options. The lease provides for a 19.05% rental increase at Option 1, and 12% rental increases at Option 2 & 3. This is a gross lease. Landlord is responsible for payment of property taxes, insurance, maintenance of the premises (including landscaping), and maintenance of the roof and structure. These responsibilities have been factored into the NOI and list price. There are 77,233 residents located in the five (5) mile demographic ring. The average household income in the five (5) mile demographic ring is $73,507. Boot Barn is located right off Interstate 10 and US Route 193, which report combined traffic counts of 134,420 cars per day. The subject property is surrounded by significant big box retail, which helps drives traffic to the store. Nearby stores include Walmart Supercenter, Winn Dixie, McDonald’s, Hooters, Popeye’s, Goodwill and Big Lots, among others. The University of South Alabama (USA) is home to nearly 15,000 students on its 1,200 acre campus, which is located just 8 miles (19 minutes) from the subject property. The city of Mobile is home to over 7 million square feet of industrial space. Mobile Aeroplex at Brookley is one of the largest industrial parks on the Gulf Coast with 4 million square feet of industrial space on 1,650 acres, and is located just 8 miles (10 minutes) from the subject property. Approximately 70 companies are located on site, employing over 3,600 people in a wide range of industries. Boot Barn offers work wear catering to those employees, implying a built-in customer base. Alabama’s tourism industry clocked in a record $14.3 billion in 2017. 3.4 million tourists spent $1.2 billion dollars in Mobile County alone. Mobile supports a thriving retail economy and is currently home to 23.6 million square feet of retail space and 68 major retail centers.