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1550 Government St
Mobile, AL 36604

$7,894,714 USD

Freestanding For Sale  •  42,510 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 42,510 SF
  • Lot Size 7.12 AC
  • Building Class C
  • Year Built 1985
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning B2
0 Transit Score
56 Walk Score

Highlights

Recent 11-year lease extension
105,426 people live within a five-mile radius
Long and successful grocery operating history since 1986
Corporate guarantee from Aldi, Inc.
Located along Government Street (26,200 VPD)
Six-figure average household income within one mile ($105,708)

Property Flyers

Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
ALDI 5/31/2035

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Mobile Regional 26 min - 11.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 195
Type: Surface
Included in Rent: Yes
Randy Blankstein 847-562-0003 The Boulder Group
Randy Blankstein 847-562-0003 The Boulder Group