For Sale

CVS | Mobile, AL

Asking Price: $4,120,000 | Cap Rate: 4.85%

  • Net Operating Income: $200,000
  • Weighted Avg. Lease Term (WALT): 25 Years
  • Lease Type: Ground

Property Highlights

  • Brand new construction at an extremely high traffic intersection, Airport Blvd and University Blvd with combined traffic counts over 104,000 VPD
  • Rare increase in primary lease term and attractive increases in each option
  • 7 minutes to Providence Hospital, a full service, 349- bed medical/surgical facility
  • Neighboring tenants include Publix, Family Dollar, Planet Fitness, Five Guys, Chick-fil-A, Applebee’s, Dollar General, and more