9948 Airport Blvd Mobile, AL 36608

This Mobile, Alabama shopping center presents a compelling investment opportunity. The 66,125 square foot property, situated on 10.09 acres at 9948 Airport Blvd (zip code 36608), boasts 100% occupancy with 11 tenants, including Winn-Dixie and Walgreens as anchors. Built in 1997, the single-story center benefits from a strong tenant mix, including service-oriented businesses. Winn-Dixie recently renovated and extended its lease, demonstrating commitment to the location. The property enjoys high visibility due to its location on a hard-signalized intersection, experiencing significant daily traffic. An absolute NNN lease structure minimizes expense exposure for the owner, with tenants responsible for taxes, insurance, and common area maintenance. The property's strong performance is reflected in its 7.20% cap rate and $643,573 NOI. The asking price is $8,941,013 ($135.21/sq ft). Synergistic outparcels, including McDonald's and Whataburger, further enhance the property's appeal. This is a fee simple ownership opportunity with rent bumps included. The property's location within the Mobile MSA offers significant potential for future growth. The center's strong sales and limited competition contribute to its overall value.