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New Dollar Tree for Mobile Updated Jan 31, 2021; Local investors paid $674,154 for 2.53 acres on West 1st Street in Gulf Shores, according to Lydia Franz of Re/Max of Orange Beach commercial division. The property is at the corner of Waterway Boulevard and West 1st Ave., just north of the Intracoastal Waterway and adjacent to the Country Hearth Inn. Dollar Tree has leased a 16,170-square-foot building at 6400 Airport Blvd., in Mobile, according to SRS Real Estate Partners’ Birmingham office. The building at Airport Boulevard and Hillcrest Road is near the University of South Alabama. Martin Smith and Cooper Smith of SRS Real Estate Partners represented the landlord. Dollar Tree operates 15,115 stores in the U.S. and Canada. ....
New restaurant planned for Spanish Fort Updated Jan 10, 2021; Investors paid $2.2 million for a 4,245-square-foot commercial center at 390 Schillinger Road S., near Airport Boulevard in Mobile, according to Andrew Chason of Marcus & Millichap in Fairhope. Starbucks Coffee and Moe’s Southwest Grill lease the space, he said. A local investor paid $550,000 for 1.49 acres at the northeast corner of U.S. 31 and Stagecoach Road in Spanish Fort, and has no immediate plans for the land, according to Sharon Wright of White-Spunner Realty, who represented the buyer. Lydia Franz of Re/Max Orange Beach commercial division worked with the seller. The commercial subdivision is called Spanish Fort Cantina, and the seller owns another 3.98 acres at the same corner, according to Franz. The seller plans to build a Cactus Cantina restaurant on part of the 3.98 acres. ....