The Shops at Pierpont

3151 Dauphin Street, Mobile, AL
Deal Type:
Net Lease
Price:
$2,490,000
Cap Rate:
7.00%
Current Rent:
$176,030
Lease Type:
Triple Net
Building Sq. Ft.:
6,000 SF

Investment Highlights

  • Commitment: The property is 100% occupied by a strong tenant mix consisting of Jersey Mikes, Walgreens, and Goldfingers.
  • Location: The property has excellent visibility and frontage along Dauphin Street which has traffic counts in excess of 33,900 cars per day.
  • Growth: Mobile is currently experiencing growth due to a low cost of doing business, diverse commerce base, transpiration options, and quality lifestyle. Future job growth over the next ten years is predicted to be 27.2%.
  • Demographics: The property is located within the growing market of Mobile, AL with over 167,000 people within 5 miles and average HH income greater than $70,000.
  • Expense Structure: Minimum landlord responsibilities as all tenants reimburse their pro-rata share of parking lot and roof repairs.

Listing Agents

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

Adam Baxter

Vice President
205 394 3520
Abaxter@stream-cp.com

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