736 Hillcrest Rd Mobile, AL 36695-3904

This exceptional investment opportunity presents a freestanding, 3,750-square-foot Truist Bank building situated on a substantial 1.32-acre lot in Mobile, Alabama. The property boasts a highly desirable location at the signalized intersection of Hillcrest Road and Airport Boulevard, experiencing a combined daily vehicle traffic count of 53,280. Ample parking and multiple access points cater to customer convenience. The property benefits from a strong demographic profile, with over 130,987 residents within a five-mile radius and proximity to USA Health Providence Hospital, a 349-bed medical facility, less than a mile away. This absolute NNN lease with Truist Financial Corporation, a major financial institution with over $460 billion in assets, offers exceptional security and stability. The lease, originally commencing December 17, 2007, has a remaining term of approximately 1.1 years, with three, 5-year lease options including 1.25% annual rent bumps. The building, constructed in 1998, generates a substantial net operating income (NOI) of $123,094, representing a compelling 7.25% cap rate based on the asking price of $1,698,000. This translates to a price per square foot of $452.80. The property's strong tenant, prime location, and favorable lease terms make it an attractive addition to any investment portfolio. The 100% occupancy rate further underscores the property's value and potential for long-term growth.