2490 Schillinger Rd S
Mobile, AL 36695

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Mobile, Alabama. This Walgreens store has approximately 2.5 years left on the initial lease term with eight (5-year) options to follow. Next option begins March 31, 2021. Property to be delivered free and clear of debt. The subject property is in an affluent Mobile suburb with average household incomes of $104,073. The area includes Providence Hospital, a 349-bed, full service medical facility on approximately 277 acres. Also in the area is The University of South Alabama with approximately 17,000 students enrolled and over 5,500 faculty and staff. Mobile is a city in the southwest of Alabama's Gulf Coast. It is the state's oldest city and a major port facility for the region. Aerospace, steel, ship building, retail, services, construction, medicine, and manufacturing are Mobile's major industries. Between 1993 and 2003, new jobs were created as 87 new companies were founded and 399 existing companies were expanded. German technology conglomerate ThyssenKrupp opened a 65 billion stainless and carbon steel processing facility in Calvert, a few miles north of Mobile, in 2010. Listed in association with JOSH BURMEISTER Broker of Record AL DRE Lic. QBLN000061104-1