7033 Airport Blvd Mobile, AL 36608
NNN leased Fortis College with rental increases in Mobile, Alabama.
Type:Retail
Property size:
36,049 SFPrice / SF:
$194/SF- Added:
- Aug 1, 2024
- Days on Market:
- 637
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 7033 Airport Blvd
General Information
- Standard status
- Active
- Size
- 36,049 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agent Stephen Sullivan License #CA 01939096
Listing office SRS Real Estate Partners Newport Beach
Listing date Aug 1, 2024
Source Crexi
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 SRS Real Estate Partners Newport Beach
Overview
Freestanding Fortis College Investment Property
This is a fee simple interest in a freestanding, corporate-guaranteed Fortis College property in Mobile, Alabama. The property is under a NNN lease, offering a low-management investment opportunity. The tenant, Fortis College, has 2 years remaining on the lease, with two 5-year options to extend. The lease includes variable rental increases at the beginning of each option period. The property benefits from high visibility on Airport Boulevard, which sees 66,700 vehicles per day, connecting the site to downtown Mobile. Mobile is the fourth-largest city in Alabama, with a population exceeding 185,000 residents. Fortis College provides post-secondary education for students pursuing careers in fields such as Medical Technology and Healthcare. The property is adjacent to the 277-acre USA Health Providence Hospital campus, which has 349 beds, and is near several apartment and multi-family communities, including the Timber Ridge Apartments (320 units), Stone Ridge Apartments (317 units), Linx Plaza (214 units), and Park Apartments (201 units). The property is also within 2 miles of the University of South Alabama (14,000 students) and the Mobile Regional Airport, which serves 600,000 passengers annually. Nearby national and credit tenants include Walmart Supercenter, Sam’s Club, Home Depot, Lowe’s, and Target. The 5-mile trade area has a population of over 133,800 residents and 59,500 employees, with an average household income of $91,328. The property size is 36,049 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Fortis College in Mobile
Vocational School
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.2055382
- Latitude
- 30.6840551
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - NNN leased Fortis College with rental increases in Mobile, Alabama.
Where is this nnn property located?
The property is located at 7033 Airport Blvd Mobile, AL.
What is the asking price?
The asking price for this property is $7,021,000.
What are key features of this property?
This property features: Corporate guaranteed NNN lease with Fortis College, offering a passive investment.; Strategic location on Airport Boulevard (66,700 VPD) with excellent visibility.; Rental increases at each option period, hedging against inflation.
