2451 D'iberville DrMobile, AL 36695

Property Details for 2451 D'iberville Dr

Year built

2023

Property size (Sq ft)

3,726 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6396

Longitude

-88.2447

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