Jones Lang LaSalle (JLL) is pleased to exclusively present Midtown Mobile - a dominant Publix-Anchored Investment Opportunity with significant term remaining. Midtown Mobile was constructed in 2018, limiting immediate capital expenditures for future Ownership. The Property boasts a durable income stream and a weighted average lease term remaining of nearly 13 years. Publix at Midtown is the premier grocer between I-65 and downtown Mobile, ranking anked in the 92nd percentile of most visited grocery stores in Alabama according to Placer.AI.
- Publix anchored with significant term remaining and strong year 1 sales performance
- Newly constructed in 2018 - limiting capital expenditures for future Ownership
- Proximate to downtown Mobile (+/- 3 miles) and several economic drivers in the area
- Located less than 2 miles from Interstate-65, the most heavily traveled interstate in Mobile with over 105,000 travelers per day
- Boasts a strong and internet-proof tenancy with a weighted average lease term remaining of nearly 13 years.