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School Building For Sale

3073-3083 W Pierpoint Dr, Mobile, AL

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For Sale

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School building with long-term tenant in place.

Type:OFFICE

Property size:

5,839 SF

Lot size:

0.44 Acres

Price / SF:

$136/SF

HighLights

High Cap Rate: 8.5%
Long‑Term Tenant: Azalea City Montessori School
NNN Lease: Landlord responsible for roof and structure only
Annual Rent Escalation: 3%
Base Lease Term: Seven (7) years expiring 6/30/29
Renewal Option: One (1), Five (5) year option

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Listing Contact

Cameron Weavil, CCIM

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For Sale

Contact for pricing

School building with long-term tenant in place.

Type:OFFICE

Property size:

5,839 SF

Lot size:

0.44 Acres

Price / SF:

$136/SF

Added:: Jul 22, 2024
Days on Market:: 697
Last Refresh:: May 20 at 9:48 pm

Property Features for 3073-3083 W Pierpoint Dr

General Information

Standard status: Active
Size: 5,839 SF
Lot size: 0.44 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Cameron Weavil, CCIM

Listing agent Cameron Weavil, CCIM License #91744

Listing office The Weavil Company, LLC

Listing date Jul 22, 2024

Source Moodyscre

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 The Weavil Company, LLC

HighLights

High Cap Rate: 8.5%
Long‑Term Tenant: Azalea City Montessori School
NNN Lease: Landlord responsible for roof and structure only
Annual Rent Escalation: 3%
Base Lease Term: Seven (7) years expiring 6/30/29
Renewal Option: One (1), Five (5) year option

Overview

This property is a school building currently leased to Azalea City Montessori School. The building size is approximately 5,839 square feet. The current rent is $67,980 per year, with a lease type of NNN, where the landlord is responsible for the roof and structure. The base lease term is seven years, expiring on June 30, 2029, and includes 3% annual rent escalations. There is one five-year renewal option available at $78,807 per year. The zoning is B-2, and the transaction type is Fee Simple.

Location Intelligence

Current Use by Public Records

Schools

Suggested Use

Location Insight

Map
Local Demand

City: Mobile
County: Mobile
State: Alabama
Longitude: -88.1168
Latitude: 30.6876

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For sale
Schools
AL
Mobile
3073-3083 W Pierpoint Dr

What type of property is this?

School - School building with long-term tenant in place.

Where is this school 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 $799,000.

What are key features of this property?

This property features: High Cap Rate: 8.5%; Long‑Term Tenant: Azalea City Montessori School; NNN Lease: Landlord responsible for roof and structure only

3073-3083 W Pierpoint Dr, Mobile, AL

School building with long-term tenant in place.

Property Features for 3073-3083 W Pierpoint Dr

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Strip Center with Multiple Units

Multi-Tenant Office Building For Sale

Freestanding Medical Office on Hillcrest

Multi-Suite Office Building

Medical Office Building

Two Triplex Buildings

Retail Cottage with Flexible Use

Updated Office Complex in Mobile

Mobile Office Building For Sale

Midtown 9-Unit Apartment Complex

Six-Unit Apartment Income Building

Former Pizza Hut Restaurant Building

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