For Sale
$850,000

3073 - 3083 W Pierpoint DrMobile, AL 36606

5,839 SF Azalea City Montessori Net Lease for Sale

Source: https://www.saltercompany.com

Overview

Added:
Feb 5
Days on market:
61
Tenant: Azalea City Montessori School

Cap Rate: 8%

Building Size: +/- 5,839 SF

Base Lease Term: Seven (7) years expiring 6/30/29

Rent Escalation: 3% annual

Renewal Options: One (1), Five (5) year option at $78,807 per year

Current Rent: $67,980 per year

Lease Type: NNN - Landlord responsible for roof and structure.

Zoning: B-2

Transaction type: Fee Simple

Property Details for 3073 - 3083 W Pierpoint Dr

Property type
Specialty properties, Office properties
Square Feet
6,283 SF
Price / Square Foot
$135.29
Class
C
Year Built/Renovated
1975/1990
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
5,839 SF
Lot Size (sq. ft)
19,079 SF
Units
11

Location Insight

City
Mobile
County
Mobile
State
Alabama

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3073 - 3083 W Pierpoint Dr
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