Absolute Net Drug
For Sale
Contact for pricing
2550 Dauphin St, Mobile, AL 36606
Signalized corner property with a long-term lease structure and nearby healthcare institutions.
Property SizeContact for details
Days on Market143
Property Features for 2550 Dauphin St
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
31,109 vehicles/day
Additional Details
Asking Price
$4,190,000
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:38PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This freestanding drug store is subject to an absolute net lease, with approximately 7 years remaining in the initial term. The structure provides six 5-year renewal options, with rental increases specified for each option: 1.5% during the first and 5% during the remaining five. The lease places no landlord responsibilities on the property owner.
The building occupies the signalized northwest corner of Dauphin Street and South Florida Street in Mobile. Reported traffic volumes are approximately 18,836 vehicles per day on Dauphin Street and 12,273 on South Florida Street, for a combined count of approximately 31,109 vehicles per day. Several major medical facilities are within 2 miles, including institutions with approximately 701, 263, and 191 beds. The property is also 5 miles from the University of South Alabama, which enrolls approximately 15,000 students and employs over 6,000 faculty and staff.
The building occupies the signalized northwest corner of Dauphin Street and South Florida Street in Mobile. Reported traffic volumes are approximately 18,836 vehicles per day on Dauphin Street and 12,273 on South Florida Street, for a combined count of approximately 31,109 vehicles per day. Several major medical facilities are within 2 miles, including institutions with approximately 701, 263, and 191 beds. The property is also 5 miles from the University of South Alabama, which enrolls approximately 15,000 students and employs over 6,000 faculty and staff.
Key Highlights
- Absolute net lease with no landlord responsibilities
- Approximately 7 years remaining on the initial lease term
- Six 5‑year renewal options with specified rental increases
Property Analytics
Property Profile
Current Use
Lease Details
31,109 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Chenele H. Chapman, PharmD — 26 south st, mobile, al 36606
- Baycare Pharmacy Inc — 2651 Cameron St, Mobile, AL 36607
- CVS — 2550 Dauphin St, Mobile, AL 36606
- CVS Pharmacy — 2550 Dauphin St, Mobile, AL 36606
- Darel Richardson — 2550 Dauphin St, Mobile, AL 366064821
Frequently Asked Questions
What type of property is this?
Drug store - Signalized corner property with a long-term lease structure and nearby healthcare institutions.
Where is this drug store located?
The property is located at 2550 Dauphin St Mobile, AL.
What are key features of this property?
This property features: Absolute net lease with no landlord responsibilities; Approximately 7 years remaining on the initial lease term; Six 5‑year renewal options with specified rental increases
