OFFERING INTRODUCTION
This investment opportunity presents the acquisition of a stable, income-producing outparcel building strategically located in Mobile, Alabama. The property features two well-established national tenants: Aspen Dental and Chipotle. This combination offers a blend of healthcare and quick-service restaurant sectors, providing diversification and stability.
INVESTMENT HIGHLIGHTS
STRONG PERFORMING SITE
- Pin Corner Site
- Exceptional Visibility
- High Traffic
- One of the busiest intersections in Mobile
#1 Aspen Dental in Alabama
(Placer.ai Data)
98.6% Retail Occupancy
in one mile radius
NEW LEASES WITH INCREASES
Passive Structure with limited Landlord responsibilities
Option Increases
10% bumps every five years
CREDIT TENANTS / CORPORATE LEASES
Chipotle
$67B Market Cap
- 3,700+ Locations
- Dominant Fast Casual Mexican Brand
- Corporate Guaranteed Lease
Aspen Dental
- 1,100+ Locations (US & Canada)
- $1B Annual Revenue
- Privately Held, Corporate Lease
MARKET OVERVIEW
Mobile, Alabama
Located along the Gulf Coast with direct access to Interstate 10 and the Port of Mobile, Mobile serves as a major regional hub for trade, shipbuilding, aerospace, and logistics. The city is home to global players like Airbus, Austal USA, and Continental Aerospace Technologies, fueling continued investment and job growth. With a diversified economy, growing advanced manufacturing sector, and a business-friendly climate, Mobile has seen billions in capital investment over the past decade. Cultural attractions, a revitalized downtown, and the nation’s oldest Mardi Gras celebration add to the city’s unique appeal, making it both an economic and lifestyle destination on the Gulf Coast.
jeff.enck@matthews.com
joanna.manfro@matthews.com
DEBT CONTACT
Andrew Marcus
First Vice President
(201) 787-6030
andrew.marcus@matthews.com
BROKER OF RECORD
Kyle Matthews
LIC.# 000110253 - 0 (AL)