Retail

Midtown Mobile

100 N Florida St Mobile, Alabama United States 36607-3010
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2018
Building Area
Land Area ()

Property Description

Jones Lang LaSalle (JLL) is pleased to exclusively present Midtown Mobile - a dominant Publix-Anchored Investment Opportunity with significant term remaining. Midtown Mobile was constructed in 2018, limiting immediate capital expenditures for future Ownership. The Property boasts a durable income stream and a weighted average lease term remaining of nearly 13 years. Publix at Midtown is the premier grocer between I-65 and downtown Mobile, ranking anked in the 92nd percentile of most visited grocery stores in Alabama according to Placer.AI.

Investment Highlights

  • Publix anchored with significant term remaining and strong year 1 sales performance
  • Newly constructed in 2018 - limiting capital expenditures for future Ownership
  • Proximate to downtown Mobile (+/- 3 miles) and several economic drivers in the area
  • Located less than 2 miles from Interstate-65, the most heavily traveled interstate in Mobile with over 105,000 travelers per day
  • Boasts a strong and internet-proof tenancy with a weighted average lease term remaining of nearly 13 years.
Last Updated Date: 14 Jan 2021
Jim Hamilton
Jim Hamilton
Senior Managing Director, Capital Markets
License details
NC-LC337: AL-000097341: SC-75571: TN-320889 GA-270038
+61283171118
Brad Buchanan
Brad Buchanan
Senior Director, Capital Markets
License details
AL-129056 GA-351151 SC-79504 TN-356874
+61283171118
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Last Updated Date: 14 Jan 2021

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