Tillman's Square Shopping Center
Retail-Commercial
for Lease
| Catylist Listing ID: |
30003676 |
| Property Subtypes: |
Street Retail
|
| Contiguous Space: |
1,400 - 43,619 SF |
| Total Available: |
59,619 SF |
| Gross Building Area: |
103,273 SF |
| Gross Land Area: |
10 Acres
|
| Lease Rate: |
$4.50 - 14 PSF (Annual)
|
| Base Monthly Rent: |
$1,429 - 16,357 |
| Lease Types: |
NNN |
| Building Name: |
Tillman's Square Shopping Center |
| Last Updated: |
9/4/2018 |
Overview / Comments
Tillman's Square is a 103,273sf shopping center that was developed in 1986. The anchor tenant, J & J Furniture, is closing its stores and the 43,619sf unit will become available on May 1, 2018. Junior anchors include Family Dollar, U.S. Postal Service and Mobile Police Department Precinct Two. Tillman's Square features a wide variety of other retailers and has an occupancy rate of 88%. Current vacancies range from 1,120sf - 3,400sf. The Mobile Police Department executed a 15-year lease in 2017 and took occupancy of the 9,384sf end unit in December. There is a police presence 24 hours a day, seven days a week, 365 days per year at Tillman's Square. The parking lot was resurfaced and restriped in 2017 and other renovations and improvements continue.
Tillman's Square is located at 5441 Highway 90 West in Tillman's Corner, which is a suburb of Mobile, Alabama. Tillman's Square is located in a vibrant retail corridor and is situated between two I-10 interchanges. Shopping center patrons enjoy signalized to Highway 90. The property is close to a Wal-Mart Supercenter and Lowe's as well as sit down restaurants, quick serve restaurants, hotels, banks and all types of other retail. Traffic count along Highway 90 is 29,240 vehicles per day.
Tillman's Corner is the last significant hub for retail, goods and services for residents in south and southwest Mobile County and for westbound travelers on I-10 until Mississippi.
|
| Space Available: |
2,850 SF |
| Lease Rate: |
$10 PSF (Annual)
$2,375 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit features a grease trap and a penetration in the roof for a hood system. Ideally suited for a food/beverage service tenant. |
| Date Available: |
1/1/2018 |
| Space Type: |
Relet |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
|
Suite: 5
|
1,600 SF
|
$12.50 PSF (Annual)
NNN
|
| Space Available: |
1,600 SF |
| Lease Rate: |
$12.50 PSF (Annual)
$1,666 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Open floor plan, one private office, stock room, (2) restrooms. |
| Date Available: |
9/1/2016 |
| Space Type: |
Relet |
| Parking Spaces |
200 |
|
Suite: 8
|
1,600 SF
|
$12.50 PSF (Annual)
NNN
|
| Space Available: |
1,600 SF |
| Lease Rate: |
$12.50 PSF (Annual)
$1,666 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Previously occupied by a financial services tenant. Unit is in good condition, |
| Date Available: |
1/1/2018 |
| Space Type: |
Relet |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
| Space Available: |
1,400 SF |
| Lease Rate: |
$14 PSF (Annual)
$1,633 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Open floor plan, stock room, restroom. Previous tenant was Sub King. |
| Date Available: |
9/1/2016 |
| Space Type: |
Relet |
| Parking Spaces |
200 |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
| Space Available: |
1,750 SF |
| Lease Rate: |
$12 PSF (Annual)
$1,750 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Mostly open floor plan with some office/storage. |
| Date Available: |
9/1/2016 |
| Space Type: |
Relet |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
| Space Available: |
1,400 SF |
| Lease Rate: |
$12.25 PSF (Annual)
$1,429 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Former tanning salon. |
| Date Available: |
9/1/2016 |
| Space Type: |
Relet |
| Parking Spaces |
200 |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
| Space Available: |
3,400 SF |
| Lease Rate: |
$10 PSF (Annual)
$2,833 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Units 22 and 23 could be combined to yield 3,400sf. |
| Date Available: |
2/1/2018 |
| Space Type: |
Relet |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
| Space Available: |
2,000 SF |
| Lease Rate: |
$11.50 PSF (Annual)
$1,916 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
1/1/2018 |
| Space Type: |
Relet |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
| Space Available: |
43,619 SF |
| Lease Rate: |
$4.50 PSF (Annual)
$16,357 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
J & J Furniture will vacate this unit on 4/30/18. Originally occupied by Delchamps, a regional grocer that closed its doors in the 1990s. |
| Date Available: |
5/1/2018 |
| Space Type: |
Relet |
| Tax Expenses |
$0.75 PSF (Annual) |
| Operating Expenses |
$0.50 PSF (Annual) |
| CAM Expenses |
$0.30 PSF (Annual) |
Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Tax ID/APN: |
3308272000003.02 |
| Zoning: |
B-3 |
| Retail Clientele: |
General |
| Property Located Between: |
I-10 and Rangeline Road |
| Property Visibility: |
Good |
| Largest Nearby Street: |
I-10 |
| Traffic/Vehicle Count: |
29,240 |
| Highway Access: |
Highway 90 to I-10 |
| Airports: |
Mobile Regional Airport - 11.1 miles , Mobile Downtown Airport - 8.4 miles |
| Site Description: |
Tillman's Square is located at 5441 Highway 90 West in Tillman's Corner, which is a suburb of Mobile, Alabama. Tillman's Square is located in a vibrant retail corridor and is situated between two I-10 interchanges. Shopping center customers enjoy signalized to Highway 90. The property is close to a Wal-Mart Supercenter and Lowe's as well as sit down restaurants, quick serve restaurants, hotels, banks and al types of other retail. Traffic counts along Highway 90 are 29,240 vehicles per day. |
| Area Description: |
Tillman's Square is located in Tillman's Corner in the southwest part of Mobile County. Tillman's corner is the last significant retail hub for I-10 westbound travelers before they get to Mississippi. Likewise, Tillman's Corner is the last major outpost for goods and services for the population of south and southwest Mobile County. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Year Built: |
1986 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Total Parking Spaces: |
350 |
| Parking Type: |
Surface |
| Parking Description: |
Parking is abundant. |
| Sprinklers: |
Wet |
| Zoning Description: |
B-3 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
LOT 1A TILLMAN'S SQUARE, RESUBDIVISION OF LOT 1, RESUBDIVISION OF LOTS 1 & 2 MBK 125/25 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,147 |
30,852 |
103,041 |
| Median Age: |
34.94 |
39.87 |
38.06 |
| Households: |
1,262 |
12,139 |
40,435 |
|
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