Property Listing No Longer Available for Sale

4630 Moffett Road, Mobile, AL

Retail for Sale - $690,000 - 2,190 Sq. Ft. on 0.4 acres


Property Info

CIMLS#63554
Location
  4630 Moffett Road
  Mobile AL 36618
UpdatedJanuary 27th, 2009
TypeRetail
Price$690,000
Building2,190 Sq. Ft.
Land0.4 acres

Property Description

Mobile is the third most populous city in the state of Alabama and is the county seat of Mobile County. Mobile is the principal municipality of the Mobile Metropolitan Statistical Area, a region of 399,843 residents which is composed solely of Mobile County and is the second largest MSA in the state. Mobile is included in the Mobile-Daphne-Fairhope Combined Statistical Area with a total population of 540,258, the second largest CSA in the state.

Located at the junction of the Mobile River and Mobile Bay on the northern Gulf of Mexico, the city is the only seaport in Alabama. The Port of Mobile has always played a key role in the economic health of the city beginning with the city as a key trading center. Currently it's the 10th largest port in the United States.

As one of the Gulf Coast's cultural centers, Mobile houses several art museums, a symphony orchestra, a professional opera, a professional ballet company, and a large concentration of historic architecture. Mobile is known for having the oldest organized Carnival/Mardi Gras celebrations in the United States, as well as the oldest Carnival mystic society.

Retailers in the immediate area include: Food For Less, CVS, O'Reilly's Auto, Rite Aid, Dollar General, AutoZone, Pizza Hut, Subway, McDonald's, Taco Bell and KFC.


Financials

Cap Rate: 10%

Lease Type: Net, Net, Net Lease. No Landlord responsibilities. Tenant has option to purchase, please see lease.

Lease Term: Twenty (20) years

Lease Commencement: September, 2007

Lease Renewal Options: Two (2) Ten (10) year options



Similar Listings