Mobile AL - Brinks

Description:

National Tenant | Strong Credit Rating
The Brink’s Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services
Brinks operates in 51 countries and owns over 16,000 vehicles
Brink’s, Inc. employs over 68,000 team members
Brink’s, Inc. is rated BB+ by S&P and Ma2 by Moody’s

Recently Completed Renovations | Long-Term Tenancy | Commitment to Site
Brink’s just replaced the roof of the building in 2019
Brink’s has operated continuously at this location for 25 years, showing its commitment to this site and the greater Mobile market

New 5-Year Lease Extension | Rare 5% Annual Rent Increases.
Brink’s, Inc. just exercised another 5-year option to extend its lease
Rare 5% annual increases, which provide protection against inflation.

NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities.
Tenant pays for utilities, taxes, insurance and maintains most aspects of the premises.
Landlord responsibilities limited to roof and structural portions of the premises (roof warranty in place through 2034).
Ideal, low-management investment for a passive investor.

Well-Secured Concrete Industrial Building.
Improvements include drive-through loading, two separate loading bays with high security doors, office space, chain-link fence perimeter with razor wire and a security gate.

Strategic Location with Major Freeway Access – Interstate 10 and Interstate 65 | Robust Traffic.
Convenient location with nearby on/off-ramp access to two major highways – Interstate 10 and Interstate 65 with 89,120 and 84,397 vehicles per day, respectively.
Strategic location for Brink’s and its employees with ease of access to local customer base
Brink’s customer base is regional in nature extending well beyond Mobile westward along the Gulf Coast to Gulfport and Biloxi.

Proximity to Mobile International Airport.
5 miles southwest of Mobile International Airport, serving over 525,000 enplaned passengers annually.
The number of annual passengers is projected to increase to over 588,000 by 2030.

Strong Demographics in 5-Mile Trade Area.
More than 82,000 residents and 34,000 employees support the trade area
$80,247 average household income.

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Listing ID: a28TP000001qy17YAA