Retail Building Anchored by
1971 Government St, Mobile, AL 36606
20,365 SF retail building in Mobile, Alabama.
Type:Retail
Property size:
20,365 SFPrice / SF:
$115/SF- Added:
- Nov 25, 2025
- Days on Market:
- 188
- Last Refresh:
- May 19 at 8:29 pm
Property Features for 1971 Government St
General Information
- Standard status
- Active
- Size
- 20,365 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing agent Scott De Young License #MT #98615 (949) 933-7958
Listing office Faris Lee Investments (949) 933-7958
Listing date Nov 25, 2025
Source Farislee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
HighLights
- 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.
- Lease includes 10% rental increases every five years, ensuring a growing income stream and hedge against inflation.
- Strategically located in the heart of Mobile, AL, adjacent to the University of South Alabama (14,000+ students) in a high‑traffic area.
- Strong tax advantages through enhanced property depreciation and cost segregation analysis.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Derek J. Colston, ...
Pharmacy
Judith E. Carstarphen, ...
Pharmacy
CSL Plasma
Medical Clinic
Teague Brothers
Carpet Cleaning Service
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Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.0867
- Latitude
- 30.6756
Nearby Similar for Sale
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 is the asking price?
The asking price for this property is $2,355,000.
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.
