• 3233 Airport Blvd. - 3233 Airport Blvd., Mobile, AL 36606

For Lease

Unit Men's Wearhouse Two-Tenant Building

Available December 15, 2023
  • Available on
    December 15, 2023
  • Time on Market
    4 months
  • Last updated
    Dec 14, 2023
  • Space ID
    2151355
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Property Details

• The Men’s Warehouse building is ideally situated along Airport Boulevard (28,000 VPD), adjacent to Bel Air Boulevard (14,000 VPD). Additionally, it has tremendous accessibility, as it sits a half mile from Exit 3 off I-65, which is home to over 102,000 VPD.. • Reports indicate that Tailor Brands 3Q22 sales grew more than 30%, with EBITDA margin expanding about 500 bps to near 26%. The 3Q22 results followed strong 1H22 sales, which increased by over 50%, and combine to produce YTD revenue growth of over 40%. The Company is generating positive free cash flow, which allowed for further debt reduction; it generated over $200 million in free cash flow through 3Q22. (Creditntell). • The offering includes a tremendous value add opportunity and ability to drastically increase NOI. By leasing the adjacent 4,500 SF vacancy it gives the owner the flexibility to hold the asset long term and enjoy the enhanced cash flow or sell the two-tenant building with a significantly increased net operating income.. • The Property is located in a dense demographic area. There are nearly 175,000 people within a 5-mile radius. Further, Mobile was tagged as the best midsize city in the U.S. for Starting and Growing a Business (Entrepreneur Magazine).. • Other nationally recognized retailers with locations in the surrounding area, include Walmart Supercenter, Lowe’s, Sam’s Club, Burlington, Belk, Michaels, Big Lots, Chick-fil-A, Starbucks, Wendy’s, Burger King and Firestone, among others.

  • Property Type
    Retail
  • Year Built
    2000
  • Total Building Size
    9,000RSF
  • Total Available
    9,000RSF
  • Last updated
    Dec 15, 2023
  • Property ID
    2230035

Landlord's Leasing Representatives

  • Marc Mandel
     
  • Steve Schrenk
     
  • Marco DiPrinzio