Morrison's Cafeteria (Piccadilly)

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Morrison’s Cafeteria (the “Property”) in Mobile, Alabama which has been an occupant at Springdale shopping center since 1967 and its current building since 1982. Morrison’s main-and-main location boasts prime visibility on Airport Blvd (54,400 VPD), with extremely convenient access to the heavily trafficked I-65 (92,600 VPD). The Property is an outparcel to Springdale, which is anchored by Sam’s Club, the #2 most visited Sam’s in the state, and ranks in the top 4% nationally and top 3% in Alabama for shopping center visits (Placer.ai). Morrison’s is located in a densely populated region of Mobile, where the regional shopping center destinations attract 12.6 million annual customer visits within 2,000 feet of the Property. Over 19,700 college students live within 4 miles of Morrison’s (University of South Alabama Spring Hill College, Bishop State Community College, Faulkner University, and the University of Mobile) and 2,650 hotel rooms are within a 5-minute drive. Mobile is the gateway to pristine Gulf beaches that are ranked as the #2 summer destination in the country (USA Today 2023), and the Port of Mobile generates $98 billion of economic impact as the 11th largest port in the United States.

For Sale