Log In/Sign Up
Your email has been sent.
7033 Airport Blvd - Fortis College | Corp NNN | Fee Simple 36,049 SF Specialty Building Offered at $7,021,000 at a 8.50% Cap Rate in Mobile, AL 36608
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed | Freestanding | Options To Extend
- Near USA Health Providence Hospital | Airport Blvd (66,700 VPD) | University of South Alabama (14,000 Students) | Retail Corridor
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | 4th Largest City in AL
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, corporate guaranteed Fortis College investment property located in Mobile, Alabama. The tenant, Fortis College, has 2-years remaining with 2 (5-year) options to extend. The lease features variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
| Price | $7,021,000 | Lot Size | 3.68 AC |
| Price Per SF | $194.76 | Building Size | 36,049 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.50% | Year Built/Renovated | 1978/2014 |
| Property Type | Specialty | Parking Ratio | 5.83/1,000 SF |
| Property Subtype | School | No. Drive In / Grade-Level Doors | 2 |
| Building Class | B | ||
| Zoning | B-3 - Community Business | ||
| Price | $7,021,000 |
| Price Per SF | $194.76 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 3.68 AC |
| Building Size | 36,049 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2014 |
| Parking Ratio | 5.83/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | B-3 - Community Business |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 28-04-20-2-000-045 | Improvements Assessment | $769,980 |
| Land Assessment | $359,320 | Total Assessment | $1,129,300 |
PROPERTY TAXES
Parcel Number
28-04-20-2-000-045
Land Assessment
$359,320
Improvements Assessment
$769,980
Total Assessment
$1,129,300
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
7033 Airport Blvd - Fortis College | Corp NNN | Fee Simple
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.