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1971 Government St Mobile, AL 36606

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20,365 SF retail building in Mobile, Alabama.

Property size:
20,365 SF

Property Features for 1971 Government St

General Information

Size
20,365 SF

Building Details

Year built
1992

Source: Scott De Young Agent Scott De Young

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Building Anchored by CSL

This 20,365 SF retail building is anchored by CSL Plasma and located in Mobile, Alabama. The property benefits from its central, high-traffic location. CSL Plasma, a subsidiary of CSL with annual revenues exceeding $14.8 billion as of 2024, is a major collector of human plasma with over 350 locations across the U.S. and Europe. CSL Plasma signed a 15-year lease commencing in 2019, with the current term running through December 2034, and includes two 5-year renewal options. The lease features 10% rental increases every five years. Structured as a Triple Net (NNN) lease, CSL Plasma is responsible for property taxes, liability insurance, and common area maintenance. The asset offers tax advantages through enhanced property depreciation and cost segregation analysis. The property is strategically located at 1971 Government Street, adjacent to the University of South Alabama, which has over 14,000 students and 5,500 employees supporting two hospitals and a cancer research center. The location is central to the Mobile MSA, serving Southwest Alabama and Southeast Mississippi, with over 112,000 residents and over 48,000 households within a 5-mile radius. Mobile is the fourth-largest municipality in Alabama and a key logistics hub. The multi-tenant retail asset delivers additional flexibility and long-term utility.
Insight Report Location Intelligence

Current Use by Public Records

ATM Atm Derek J. Colston, ... Pharmacy Judith E. Carstarphen, ... Pharmacy CSL Plasma Blood Donation Center Teague Brothers Carpet Cleaning Service

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Similar Places Nearby

Coinstar Kiosk - Bitcoin ATM, Korbets Square, Westwood Square, 2030 Plaza, Glen Air

Location Insight

  • Map
  • Local Demand
City
Mobile
County
Mobile
State
Alabama
Longitude
-88.0867404
Latitude
30.6755862

FAQs

What type of property is this?
Shopping center - 20,365 SF retail building in Mobile, Alabama.
Where is this shopping center located?
The property is located at 1971 Government St Mobile, AL.
What are key features of this property?
This property features: - Anchored by CSL Plasma, a wholly-owned subsidiary of CSL, a global biotechnology leader with $14.8B in annual revenue, providing a high-credit, investment-grade tenant.; - Long-term lease with CSL Plasma extending through December 2034, plus two (2) five-year renewal options, offering up to 19 years of potential lease term.; - Triple Net (NNN) lease structure with CSL Plasma, minimizing landlord responsibilities and ideal for passive investors or 1031 exchanges.
More about this property
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