Freestanding Pharmacy with
12 SHELTON BEACH RD Saraland, AL 36571
12 SHELTON BEACH RD, Saraland, AL, 36571
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For Sale
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Freestanding Walgreens pharmacy with drive-thru on an absolute NNN lease structure.
Property Size14,828 SF
Lot Size2.02 Acres
Price / SF$259.64
Days on Market22
Property Features for 12 SHELTON BEACH RD
General Information
- Standard status
- Active
- Size
- 14,828 SF
- Lot size
- 2.02 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
Encore Real Estate Investment Services
(888) 737-2264
Listed by
Deno Bistolarides · License #6502378067
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 8:14AM Checked: Jul 21 at 8:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
Walgreens at 12 Shelton Beach Rd is a 14,828 SF freestanding pharmacy featuring a drive-thru, situated on 2.02 acres. The property is leased to Walgreens and has been in place since 2004. The lease is described as absolute NNN, with tenant responsibility for taxes, CAM, insurance, roof, and structure, reflecting zero landlord responsibilities.
The site is located at a highly visible, signalized intersection with combined traffic counts exceeding 40,000 vehicles per day and three points of ingress/egress. The property is supported by store performance ranking in the 91st percentile nationwide and 96th percentile in Alabama per Placer.ai.
The offering is positioned in a supply-constrained pharmacy market and is identified as one of only two national chain drugstores serving the greater Saraland area, with more than 32,000 residents within 5 miles and average household income above $82,000. The remarks also note nearby national retailers and a proximity of approximately 12 miles to Downtown Mobile.
The site is located at a highly visible, signalized intersection with combined traffic counts exceeding 40,000 vehicles per day and three points of ingress/egress. The property is supported by store performance ranking in the 91st percentile nationwide and 96th percentile in Alabama per Placer.ai.
The offering is positioned in a supply-constrained pharmacy market and is identified as one of only two national chain drugstores serving the greater Saraland area, with more than 32,000 residents within 5 miles and average household income above $82,000. The remarks also note nearby national retailers and a proximity of approximately 12 miles to Downtown Mobile.
Key Highlights
- 14,828 SF freestanding Walgreens pharmacy with drive‑thru built in 2005
- Absolute NNN lease: tenant responsible for taxes, CAM, insurance, roof, and structure; zero landlord responsibilities
- Leased to Walgreens since 2004 under an absolute NNN structure
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $293.6k | $19.80 |
| − Vacancy | −$13.2k | −$0.89 |
| EGI | $280.4k | $18.91 |
| − OpEx | −$84.1k | −$5.67 |
| NOI | $196.3k | $13.24 |
14,828 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.27M
NOI $196,268 @ 7.0% cap · market cap 5.10%
Second Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,972 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,736 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Walgreens
Pharmacy
FedEx OnSite
Postal Service
Amanda Ruland
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- The Medicine Shoppe® Pharmacy — 311 Shelton Beach Rd # A, Saraland, AL 36571
- Mutiny Welfare, LLC — 7 Saraland Blvd S, Saraland, AL 36571
- Amanda Ruland — 12 Shelton Beach Rd, Saraland, AL 365712403
- Debbie Mccastlain — 13 Shelton Beach Rd, Saraland, AL 365712402
- Saraland pharmacy — 106-a Saraland Loop, Saraland, AL 36571
FAQs
What type of property is this?
Drug store - Freestanding Walgreens pharmacy with drive-thru on an absolute NNN lease structure.
Where is this drug store located?
The property is located at 12 SHELTON BEACH RD Saraland, AL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 14,828 SF freestanding Walgreens pharmacy with drive‑thru built in 2005; Absolute NNN lease: tenant responsible for taxes, CAM, insurance, roof, and structure; zero landlord responsibilities; Leased to Walgreens since 2004 under an absolute NNN structure
