36609 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present Exclusively For Sale the NN Lease Investment Opportunity Located at 6280 Grelot Road in Mobile, Alabama.

Over 8 Years Remaining on a Double Net (NN) Lease With Four (4) Five (5) Year Options Periods
Landlord is Responsible For Roof and Structure (Structure Only; Includes Long Term Roof Warranty)
10% Rent Increases Every 5 Years During Initial Term
9.18% Cash-on-Cash Return
Located Adjacent to the Entrance of a Winn-Dixie Anchored Grocery Center
This Property Includes a KidsStreet Urgent Care and MainStreet Family Care; KidsStreet Treats Children Ranging From Newborn to 15 Years Old, While Just Next Door, the MainStreet Clinic Will See Patients Ages 16 and Up
MainStreet Family Care Operates Over 17 Clinics Across Alabama
Stable Regional Tenant Undergoing Rapid Growth
Excellent Visibility From Grelot Road Which Sees Over 32,930 Vehicles Per Day
Located About 1-Mile From University of South Alabama Which Has Over 15,000 Students
Strong Demographics – Over 138,780 People With An Average Household Income of $67,121 Within a 5-Mile Radius of the Property
Nearby Tenants Include: Winn-Dixie, Zaxby’s, Starbucks, Wendy’s, McDonald’s, Firehouse Subs, Walgreens, Krispy Kreme, Home Depot, Walmart and More