This fee-simple, net-lease shopping center in Mobile, Alabama presents a compelling investment opportunity. The property, totaling 9,000 square feet on a 1.23-acre lot, features a single, one-story building constructed in 2000. Currently, it houses two tenants, with Men's Wearhouse occupying one suite and a 4,500 square foot vacancy. Men's Wearhouse recently extended their lease for five years, securing a 6.5-year remaining lease term with built-in rent increases of 10% at each option period. Two five-year lease options are included. This anchor tenant has a 25+ year history at this location, demonstrating strong commitment and market stability. The property enjoys exceptional visibility and accessibility on Airport Boulevard (CR 56), boasting 28,000 vehicles per day, and is conveniently located half a mile from I-65 (102,000 VPD). Its prime location within a bustling retail corridor is further enhanced by the proximity of numerous national retailers, including Walmart, Home Depot, Lowe's, and a wide array of restaurants. Performance data from Placer.ai indicates that many nearby retailers rank in the top percentiles nationally and within Alabama. The surrounding area is densely populated, with over 164,000 people and 69,000 households within a 5-mile radius, situated in a city recognized for its business-friendly environment. The asking price is $1,968,000, translating to $218.67 per square foot. The significant vacancy presents a value-add opportunity for increased cash flow through lease-up.
Highlights
Men's Wearhouse recently extended their lease for five years, resulting in a 6.5-year remaining lease term with a rent increase.
Men's Wearhouse has occupied this location for over 25 years.
Excellent visibility and accessibility on Airport Blvd (CR 56), with 28,000 VPD, and a half-mile from I-65 (102,000 VPD).
Strong retail location with nearby national retailers including Walmart, Home Depot, Lowe's, and numerous restaurants.
High-performing nearby retailers rank in top national and Alabama percentiles (Placer.ai data).
Densely populated area (5-mile radius): over 164,000 people and 69,000 households; located in a city recognized for business growth.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Marc Mandel
James Yi
Marco DiPrinzio
Stephen Schrenk
Visit Broker Website
Learn more
Useful Information
Request information
3233 Airport Blvd, Mobile, Alabama, 36606
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3233 Airport Blvd
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.