7033 Airport Blvd Mobile, AL 36608

This exceptional investment opportunity presents the fee simple ownership of a 36,049-square-foot, freestanding Fortis College building in Mobile, Alabama. The property boasts a strong 100% occupancy rate under a triple-net (NNN) lease with a corporate guarantee, offering minimal landlord responsibilities. The current lease has 1.6 years remaining, followed by two five-year renewal options, ensuring long-term income stability. Located on Airport Boulevard, a major thoroughfare with 66,700 vehicles per day, the property benefits from high visibility and convenient access. Its strategic location near USA Health Providence Hospital, the University of South Alabama (14,000 students), and numerous residential communities, along with nearby national retailers, contributes to a robust and stable tenant base. The property sits on a 3.68-acre lot and includes 210 parking spaces. Built in 1978 and renovated in 1998, the building is zoned B-3: Community Business. The strong demographics of the 5-mile trade area, with over 133,800 residents, 59,500 employees, and an average household income of $91,328, further enhance the investment potential. The property's current Net Operating Income (NOI) is $596,750, representing an 8.50% cap rate and a price per square foot of $194.76. This is a rare opportunity to acquire a well-located, passively managed, and financially sound commercial property in a thriving Alabama market. The asking price is $7,021,000.