Mobile, Alabama – The Net Lease Group (“NLG”) represented the Seller in the sale of Rangeline Crossing Shopping Center, a newly constructed, fully leased property in Mobile, Alabama. Rangeline Crossing, part of the Rangeline Retail Portfolio, closed in August for $5,050,000. The Shoppes at Rangeline, 10,596 SF, (across Halls Mill Road from Rangeline Crossing), remains available for purchase; click here to learn more about the property.
“Rick Ross and the NLG team executed an excellent marketing campaign delivering a quality offer to acquire Rangeline Crossing Shopping Center despite turbulent and uncertain market conditions. As usual, the NLG team worked diligently with the buyer and its broker to ensure a smooth and successful closing,” said Christopher Huffman, the seller of Rangeline Crossing.
Chris Dozier, The McEnery Company, represented the Buyer, J. B Levert Land Company, both of New Orleans, LA.
The Shopping Center
Shadow-anchored by ALDI supermarket Rangeline Crossing, the newly constructed 11,000 SF shopping center sits on Halls Mill Road at Rangeline Crossing Drive across from Lowe’s Home Center in the Tillmans Corner market of Mobile AL. The service-oriented shopping center is 100% leased to 7 quality tenants (Tropical Smoothie Café, WingStop, PJ’s Coffee, P.S. Taco, B.K. Wireless, Rabbit Creek Dental and New Horizons Credit Unit).
NLG is an investment advisory and brokerage firm specializing in corporate, institutional, and private execution of single and multi-tenant, net lease transactions across all markets. NLG provides Investment Sales, Sale-Leaseback Advisory, Build-to-Suit Advisory, Development Services, Debt-Equity Placement, and Private Client Services throughout the United States.