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    3073 - 3083 W Pierpoint Dr Mobile, AL 36606

    Source: https://www.saltercompany.com
    For Sale
    $850,000

    High-yield Montessori school net lease. Excellent investment.

    Property size:
    6,283 SF

    Description

    Added:
    Feb 5, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a 5,839 square foot net-leased property currently occupied by Azalea City Montessori School in Mobile, Alabama. Located at 3073-3083 W Pierpoint Dr, Mobile, AL 36606, this property sits on a 0.43799 acre lot and is zoned B-2. The building itself totals approximately 6,283 square feet, housing eleven units. The current lease agreement is a Net Lease (NNN) structure, with the landlord responsible for roof and structure maintenance. The base lease term is seven years, expiring June 30, 2029, with a 3% annual rent escalation. A favorable renewal option exists for one or five years at an annual rent of $78,807. The current annual rent stands at $67,980, yielding an 8% cap rate. This fee-simple offering presents a strong, stable income stream with built-in growth potential, making it an attractive investment for discerning buyers seeking a secure, long-term return. The property's location in Mobile, AL offers convenient access to local amenities and a strong demographic profile. This is a rare opportunity to acquire a well-performing net lease property with a reputable tenant. Serious inquiries only.

    Property Features for 3073 - 3083 W Pierpoint Dr

    General Information

    Property type
    Other specialty properties
    Square Feet
    6,283 SF
    Price / Square Foot
    $135
    Class
    C
    Elevators
    N/A
    Net Rentable
    5,839 SF
    Lot Size
    19,079 SF

    Building Details

    Year Built/Renovated
    1975/1990
    Buildings
    1
    Stories
    1
    Units
    11

    HighLights

    • Prime Mobile, AL location with strong tenant, Azalea City Montessori School.
    • NNN lease with 7‑year term, 3% annual rent escalation, and renewal options.
    • $850,000 asking price, 5,839 square foot building on a 0.44‑acre lot.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -87.898267
    Latitude
    30.608116

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    FAQs

    What type of property is this?
    Specialty property - High-yield Montessori school net lease. Excellent investment.
    Where is this specialty property located?
    The property is located at 3073 - 3083 W Pierpoint Dr Mobile, AL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Prime Mobile, AL location with strong tenant, Azalea City Montessori School.; NNN lease with 7-year term, 3% annual rent escalation, and renewal options.; $850,000 asking price, 5,839 square foot building on a 0.44-acre lot.
    (850) 564-0120
    Request Owner's contact information
    3073 - 3083 W Pierpoint Dr Mobile, AL 36606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3073 - 3083 W Pierpoint Dr Mobile, AL 36606
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