16 Saraland Blvd N
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
16 Saraland Blvd N
1,500 SF 4-Star Retail Building Saraland, AL 36571 $585,000 ($390/SF) 8.21% Cap Rate
Investment Highlights
- Tenant is Prime Communications (Largest AT&T Franchisee in the USA with more than 2,000 AT&T store locations.)
- One 10-Year Option with 10% Rent Increases Every 5 Years.
- Lighted Intersection with Three Intersecting Highways- 23,000+ Vehicles Per Day at Intersection.
- Growing Suburb of Mobile, Alabama with strong demographics.
Executive Summary
Marcus & Millichap, as exclusive advisor to the Seller, is pleased to offer for sale a 1,500 square foot Freestanding AT&T in Saraland (Mobile, MSA) Alabama. The subject property is ideally positioned at the intersection of Highway 43 North and Celeste Road.
The Tenant, Prime Communications, LP, signed a 10 year double-net lease which commenced June 1, 2016. The lease is double-net in nature with the Landlord responsible for only the roof and structure. Taxes, Insurance and CAM expenses are reimbursed by the Tenant. The lease features ten percent rent increases every five years and the tenant has one 10-year option to renew the lease. Prime is the largest AT&T Authorized Retailer in the United States with over 2,000 locations from coast-to-coast.
The Tenant, Prime Communications, LP, signed a 10 year double-net lease which commenced June 1, 2016. The lease is double-net in nature with the Landlord responsible for only the roof and structure. Taxes, Insurance and CAM expenses are reimbursed by the Tenant. The lease features ten percent rent increases every five years and the tenant has one 10-year option to renew the lease. Prime is the largest AT&T Authorized Retailer in the United States with over 2,000 locations from coast-to-coast.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$585,000
Price Per SF
$390
Cap Rate
8.21%
NOI
$48,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.10 AC
Zoning
B-1 - Neighborhood Business District
Parking
45 Spaces (30 Spaces per 1,000 SF Leased)
Frontage
34 FT on Us-43 Hwy
Amenities
- Freeway Visibility
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19-08-33-0-008-068 | Improvements Assessment | $37,280 |
| Land Assessment | $6,260 | Total Assessment | $43,540 |
PROPERTY TAXES
Parcel Number
19-08-33-0-008-068
Land Assessment
$6,260
Improvements Assessment
$37,280
Total Assessment
$43,540
Learn More About Investing in Retail Properties
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
16 Saraland Blvd N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.