For Sale
$3,361,921

2451 D'iberville DrMobile, AL 36695

High-yield, NNN-leased medical property.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,726 square foot, single-tenant net-leased storefront property in Mobile, Alabama. The property, built in 2023, is 100% occupied by Fast Pace Health under a 15.3-year lease commencing December 28, 2023, and expiring April 30, 2039. The lease includes a substantial 14.4 years remaining on the primary term, with three 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property boasts a strong 6.35% cap rate and a Net Operating Income (NOI) of $213,482, with an asking price of $3,361,921 ($902.29/sq ft). Landlord responsibilities are limited to the building structure only. The strategic location on D'Iberville Dr N, Mobile, AL 36695, benefits from high traffic volume (over 20,500 vehicles per day) and proximity to major retailers such as Walmart Supercenter and a newly constructed Publix. The surrounding area demonstrates strong demographics, with over 95,900 residents within a five-mile radius and a six-figure average household income ($114,068) within a three-mile radius. Fast Pace Health, a rapidly expanding urgent care provider with over 250 locations, provides a stable and recession-resistant tenant. This investment offers a compelling combination of strong cash flow, long-term lease security, and significant upside potential. The property's location in Mobile, Alabama's third-largest city, further enhances its value within a key economic hub.

Highlights

  • Mobile, Alabama's third-largest city and a major economic center.
  • Fast Pace Health, a large and growing healthcare provider (250+ locations), occupies the space.
  • Brand new construction completed in 2023.
  • Long-term lease with 14+ years remaining.
  • Lease includes 10% rental increases every five years.
  • E-commerce resistant medical tenant provides stable income.

Property Details for 2451 D'iberville Dr

Property type
Retail properties, Retail space
Square Feet
3,726 SF
Year Built
2023

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6396308
Longitude
-88.2446542
2451 D'iberville Dr, Mobile, Alabama

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2451 D'iberville Dr
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