The Pulitzer Hotel - Fairhope, Alabama

Commercial space 2                            $239,000
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If you’re seeking an investment with fantastic upside potential, a space in The Pulitzer, Fairhope, Alabama’s most distinctive and lovely hotel, is an uniquely suitable acquisition.

Commercial Space 2 is a 602-square-foot retail space, and it will be delivered to the buyer as a standard commercial white box ready for tenant improvements with concrete flooring, electricity, air-conditioning and completed exterior that matches the outside building. 

This space comes with a long-term lease already in place with rents retuning 5 percent annually to the buyer. The lease carries an annual rent-escalation clause, guaranteed lease-renewal option at the expiration of the 20-year lease, and a triple-net lease or tenant pays full CAM expenses structure (tenant to pay all taxes, insurance and building maintenance on the space, plus all utilities).

As an excellent investment opportunity, this space carries a fair rate of return and excellent capital appreciation. It’s location in The Pulitzer Hotel, a high-end luxury boutique hotel, promises it will soon become a focal point of the Fairhope’s vibrant downtown area.

Please inquire for full details of lease, terms, and tenant. Serious inquiries only please; confidentially agreement required.