Truist Bank

Truist Bank

Mobile, AL

Mobile, AL

Truist Bank

Offered for sale is the opportunity to acquire an absolute net lease Truist in Mobile, Alabama. The property consists of a 3,750-square-foot, freestanding building that sits on 1.32 acres of land. There are 1.8 years remaining on the current lease term. Broker of Record for AL: Eddie Greenhalgh, License: 000088298-0, P: (205) 510-9200

Price $1,698,000
Cap Rate 7.25%
Building Size 3,750 sqft
Lot Size 1.32 acres
Year Built 1998
Offering Memorandum

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 1.8 Years Remaining
  • Near the Signalized Intersection of Hillcrest Road and Airport Boulevard (Combined 53,280 VPD)
  • Large 1.32 Acre Parcel with Ample Parking and Multiple Access Points
  • More than 130,987 Residents Within a Five-Mile Radius
  • Less than a Mile to USA Health Providence Hospital, a 349-Bed, Full Service Medical Facility
  • Proven Location and Operator
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Mobile is Home to One of the Largest Deep-Water Ports in the Nation, the Port of Mobile ($98.3 Billion Economic Impact for the State in 2023)

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
Go to Top