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2550 Dauphin St
Mobile, AL 36606 Midtown Mobile

Price Upon Request

Drugstore For Sale  •  10,260 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 10,260 SF
  • Lot Size 1.82 AC
  • Building Class B
  • Year Built 2003
  • Tenancy Single
0 Transit Score
72 Walk Score

Highlights

STABLE INCOME - Income guaranteed by CVS Corporate investment grade credit rating of BBB (S&P), Top 10 Fortune 500 Company with ±9,840 locations.
NO RENT HOLIDAY, FREE & CLEAR OF DEBT - Lease does not include a rent holiday and it is also being delivered free and clear of debt.
ABSOLUTE NET LEASE, NO LANDLORD RESPONSIBILITIES - ±7 yrs remaining, 6 (5-yr) options, absolute net lease, no landlord responsibilities.
5% INCREASES IN OPTIONS - Rental increases in the 6 (5-yr) options, first option has a 1.5% increase, remaining 5 options each have a 5%.
LIMITED DRUGSTORE COMPETITION - No other freestanding CVS within three miles of the subject property.
MEDICAL CORRIDOR LOCATION - Located 2 mi of several medical facilities including Infirmary Health and USA Health Children's and Women's Hospital.

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy 11,838 SF

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Mobile International 13 min - 5.8 mi
Mobile Regional 23 min - 10.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 61
Type: Surface
Included in Rent: Yes