3233 Airport Blvd Mobile, AL 36606

This fee-simple, net-lease shopping center in Mobile, Alabama presents a compelling investment opportunity. The property, totaling 9,000 square feet on a 1.23-acre lot, features a single, one-story building constructed in 2000. Currently, it houses two tenants, with Men's Wearhouse occupying one suite and a 4,500 square foot vacancy. Men's Wearhouse recently extended their lease for five years, securing a 6.5-year remaining lease term with built-in rent increases of 10% at each option period. Two five-year lease options are included. This anchor tenant has a 25+ year history at this location, demonstrating strong commitment and market stability. The property enjoys exceptional visibility and accessibility on Airport Boulevard (CR 56), boasting 28,000 vehicles per day, and is conveniently located half a mile from I-65 (102,000 VPD). Its prime location within a bustling retail corridor is further enhanced by the proximity of numerous national retailers, including Walmart, Home Depot, Lowe's, and a wide array of restaurants. Performance data from Placer.ai indicates that many nearby retailers rank in the top percentiles nationally and within Alabama. The surrounding area is densely populated, with over 164,000 people and 69,000 households within a 5-mile radius, situated in a city recognized for its business-friendly environment. The asking price is $1,968,000, translating to $218.67 per square foot. The significant vacancy presents a value-add opportunity for increased cash flow through lease-up.