Freestanding Fortis College Investment
For Sale
Contact for pricing
Pending
7033 Airport Blvd, Mobile, AL 36608
NNN leased Fortis College with rental increases in Mobile, Alabama.
Property Size36,049 SF
Days on Market765
Property Features for 7033 Airport Blvd
General Information
Standard status
Pending
Size
36,049 SF
Total Parking Spaces
210
Property subtype
Retail
Zoning
B-3: Community Business
Occupancy
100%
Lease Type
NNN
Net Operating Income
$596,750
Building Details
Year Built
1978
Year Renovated
1998
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Stephen Sullivan · License #CA 01939096
Source:
Crexi
Added: Aug 1, 2024
Changed: Sep 3
Last Checked: Aug 31 at 1:16PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 36608, AL
39,782
Population
17,690
Households
2.2
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
65.1 sq mi
ZIP Area
611
Density / Sq Mi
$64,372
Median Household Income
$37,530
Median Earnings
$1,045
Median Rent
$234,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
