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ALDI Sublease Opportunity 1550 Government St 18,964 SF of Retail Space Available in Mobile, AL 36604
SUBLEASE HIGHLIGHTS
- Located at the corner of Government St & S. Catherine St
- Prominent facade available for Tenant
- 119' of road frontage
- Co-Tenancy with ALDI
- Recessed loading dock available for new tenant
- Area retailers include Starbucks, Papa John's Firestone, Dollar Tree and more
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 18,964 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Co-Tenancy with ALDI
- Sublease space available from current tenant
- 1 Loading Dock
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT ALDI SUBLEASE OPPORTUNITY
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- ALDI
- Discount Grocer
- 3,051
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| ALDI | Discount Grocer | 3,051 | International |
PROPERTY FACTS
| Total Space Available | 18,964 SF | Gross Leasable Area | 42,510 SF |
| Property Type | Retail | Year Built/Renovated | 1986/2003 |
| Property Subtype | Supermarket | Parking Ratio | 4.59/1,000 SF |
| Total Space Available | 18,964 SF |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Leasable Area | 42,510 SF |
| Year Built/Renovated | 1986/2003 |
| Parking Ratio | 4.59/1,000 SF |
ABOUT THE PROPERTY
Immerse yourself in the vibrant community surrounding the property in Mobile, AL. This dynamic area is renowned for its historic architecture, bustling arts scene, and a diverse array of dining and entertainment options. With its close proximity to the Mobile River waterfront, the area offers breathtaking views and opportunities for waterfront dining and recreation. Additionally, convenient access to major roadways and public transportation make this location an ideal choice for retail tenants.
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
NEARBY MAJOR RETAILERS
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ALDI Sublease Opportunity | 1550 Government St
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