740 - 790 S Schillinger Rd • Mobile, AL 36695

Year Purchased: 2021
Purchase Amount: $5,500,000.00
Equity: $2,860,000.00

The Shops of Schillinger property was purchased in November 2021 and is a 38,853 square foot multi-tenant retail center located on the dominant retail corridor of Mobile, AL. Built in 2003, the property is shadow anchored by the busiest Target within a 50-mile radius, according to the foot traffic website placer.ai. The center was 90% occupied at closing and offered our investors the prospect of current cash flow stability combined with upside from future leasing and planned rent increases.