Publix Development at Old Shell Road and Florida Street

Shopping Center for Lease
Catylist Listing ID: 30211535
Property Subtypes: Grocery-Anchored
Building Status: Under Construction
Contiguous Space: 1,000 - 3,500 SF
Total Available: 9,400 SF
Gross Building Area: See Agent
Lease Rate: $27.50 - 30 PSF (Annual)
Base Monthly Rent: $2,458 - 8,750
Lease Types: NNN
Last Updated: 7/19/2018

Overview / Comments

Nestled near the center of Mobile, Alabama lies one of the city’s greatest hidden treasures. The area known as Midtown has long been sought-after for up and coming families as the place to live. The sweeping architecture, historic feel and oak-lined streets of the area have drawn families, urban professionals and retirees alike.
There are 77,000 people living in Midtown within 3 miles of the site and 38,000 in 2 miles. Diverse demographics, a broad mix of housing types, many rental dwellings with large households, strong churches, prominent schools-both public and private, and lots of density are commonplace. Midtown (“MiMo” for Midtown Mobile) is the favorite living area for young professionals with much gentrification apparent in MiMo neighborhoods, evident in the 2 new apartment complexes by Pace Burt which are redevelopments of historic former Midtown school buildings.

The clustering of landmark Mobile specialty retailers and food establishments with loyal customers such as G. Harvell, Sterling Hot Yoga, Ashland Gallery, Cammie’s Old Dutch, Dew Drop Inn, and Butch Cassidy et al. form the "Midtown Mile" along Old Shell Road in front of the site. You find multi-million dollar mansions on one street next to a street full of cottages next to apartments next to offices next to an art gallery next to a restaurant, etc. making for a unique land use pattern that tells of Midtown’s culture.
This prime location is within two miles of three major hospitals lending to great daytime populations, with high-income workforce. Mobile Infirmary employs 2,500 people with 650 physicians; USA Medical Center has over 1,400 employees, and Springhill Medical Center employs 1,000 people with 500 physicians on staff, with hundreds of other offices on the campus specializing in 50 different fields.
Growth has been phenomenal in the Midtown area within the last decade. During the past five years alone, the population of the Midtown area has grown roughly five percent, while incomes have steadily risen on annual rate nearly twice the rate of annual growth.

Attachments & Media

Expand All 5 Spaces Available

Suite: C-2 2,100 SF $30 PSF (Annual) NNN
Suite: D 1,500 SF $29.50 PSF (Annual) NNN
Suite: D-2 1,500 SF $30 PSF (Annual) NNN
Suite: E 2,800 SF $27.50 PSF (Annual) NNN
Suite: F 1,500 SF $30 PSF (Annual) NNN

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2907230003303.000
Retail Clientele: General, Family
Property Located Between: Florida and Hyland Avenue
Property Visibility: Excellent
Largest Nearby Street: Old Shell Road
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Excellent
Year Built: 2018
Part of Planned Development?: Yes

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,543 88,932 166,437
Median Age: 38.46 35.28 36.46
Households: 6,097 36,132 66,045

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The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.