7033 Airport Blvd - Fortis College | Corp NNN | Fee Simple
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7033 Airport Blvd - Fortis College | Corp NNN | Fee Simple
36,049 SF Specialty Building Offered at £5,583,744 at a 8.50% Net Initial Yield in Mobile, AL 36608
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed | Freestanding | Options To Extend
- Near USA Health Providence Hospital | Airport Blvd (66,700 VPD) | University of South Alabama (14,000 Students) | Retail Corridor
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | 4th Largest City in AL
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, corporate guaranteed Fortis College investment property located in Mobile, Alabama. The tenant, Fortis College, has 2-years remaining with 2 (5-year) options to extend. The lease features variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
| Price | £5,583,744 | Lot Size | 3.68 AC |
| Price Per SF | £155 | Building Size | 36,049 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 8.50% | Year Built/Renovated | 1978/2014 |
| Property Type | Specialty | Parking Ratio | 5.83/1,000 SF |
| Property Subtype | Schools | Level Access Doors | 2 |
| Building Class | B |
| Price | £5,583,744 |
| Price Per SF | £155 |
| Sale Type | Investment |
| Net Initial Yield | 8.50% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 3.68 AC |
| Building Size | 36,049 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1978/2014 |
| Parking Ratio | 5.83/1,000 SF |
| Level Access Doors | 2 |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 28-04-20-2-000-045 | Improvements Assessment | £612,359 |
| Land Assessment | £285,764 | Total Assessment | £898,123 |
PROPERTY TAXES
Parcel Number
28-04-20-2-000-045
Land Assessment
£285,764
Improvements Assessment
£612,359
Total Assessment
£898,123
ZONING
| Zoning Code | B-3 (Community Business) |
| B-3 (Community Business) |
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7033 Airport Blvd - Fortis College | Corp NNN | Fee Simple
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