The Pulitzer Hotel - Fairhope, Alabama

Commercial space Unit D-2                            $249,000
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Own a commercial portion of The Pulitzer, Fairhope, Alabama’s most distinctive and lovely hotel, and you’ll hold an investment with fantastic upside potential.

Commercial Space Unit D-2 is a 531-square-foot residential condo that will become know as the Presidential Suite. This space will be delivered to the buyer as a fully furnished turn-key property. 

This space comes with a long-term lease already in place with rents retuning 5.5 percent annually to the buyer. The lease carries an annual rent-escalation clause, a 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). The tenant has an option to purchase the unit at predetermined rate between years three and seven.

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.