5054 Old Shell Rd Mobile, AL 36608 | Other | Retail-Commercial
$1,690,000
Active
Map
Save to Collection
0
2900 sqft.
Listing Courtesy of
Robert Cook Ccim
Description
Available for purchase immediately. Maple Street Biscuit Company very near the University of South Alabama (USA). USA is the largest college in The City of Mobile and the 6th largest in the state with total enrollment at approximately 14288 and 5500 faculty and staff. Rent commencement was August 2019 with 10% rent increase in Year 5. Four 5-year renewals with ten percent rent bumps every five years. Corporate guarantee with NOI of $92800.
Property Details
Property Type
Retail-Commercial
Status
Active
CMLS ID#
30799715
structure
Total Baths
0
flooring
2900
living area
2900.0
stories
1
stories total
1
year built
1990
characteristics
Acres
0
lot size area
0.4
lot size units
acres
# of Buildings
1
tax
parcel number
2805154004011XXX
financial
cap rate
5.5
contract
listing terms
Cash to Seller
compensation
Buyer Agency Comp.
3%
The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.
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