5054 Old Shell Rd Mobile, AL 36608 | Other | Retail-Commercial

$1,690,000

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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.