Log In/Sign up
Your email has been sent.
7033 Airport Blvd - Fortis College | Corp NNN | Fee Simple 36,049 sq ft Specialist Building Offered at £5,249,321 at a 8.50% Net Initial Yield 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 | £5,249,321 | Total Plot Size | 3.68 ac |
| Price per sq ft | £145.62 | Property Size | 36,049 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 8.50% | Year Built/Renovated | 1978/2014 |
| Property Type | Specialist | Parking Allocation | 3.94/1,000 sq ft |
| Property Subtype | School | No. Drive In / Grade-Level Doors | 2 |
| Costar Property Class | B | ||
| Use Class | B-3 - Community Business | ||
| Price | £5,249,321 |
| Price per sq ft | £145.62 |
| Sale Type | Investment |
| Yield | 8.50% |
| Property Type | Specialist |
| Property Subtype | School |
| Costar Property Class | B |
| Total Plot Size | 3.68 ac |
| Property Size | 36,049 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1978/2014 |
| Parking Allocation | 3.94/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 2 |
| Use Class | B-3 - Community Business |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 28-04-20-2-000-045 | Improvements Assessment | £575,683 |
| Land Assessment | £268,649 | Total Assessment | £844,332 |
PROPERTY TAXES
Parcel Number
28-04-20-2-000-045
Land Assessment
£268,649
Improvements Assessment
£575,683
Total Assessment
£844,332
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.