Drive-Through Restaurant
For Sale
$675,000
732 Saraland S Boulevard, Saraland, AL 36571
Restaurant space for sale with a drive-up service window and approximately 20 parking spaces.
Property Size2,000 SF
Price / SF$337.50
Days on Market100
Property Features for 732 Saraland S Boulevard
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
20
Property subtype
Commercial/Industrial
Additional Details
Drive-Thru
Yes
Taxes and HOA fees
Annual Taxes
$4,520
Building Details
Year Built
1988
Listing Agency:
Paul Carter Agency
(251) 454-8560
Listed By:
Paul Carter
(251) 454-8560
Source:
Exitrealty
Added: May 16
Changed: Aug 23
Last Checked: Aug 22 at 10:05AM
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 Paul Carter Agency
Investment Insights
Based on property information with market context.
This drive-through restaurant space is for sale and includes a drive-up service window. The property is approximately 2,006 square feet and has about 20 parking spaces. Public remarks indicate it was formerly home to Hart’s Friend Chicken and Taco Bell.
The location is described as being across from the Saraland Event Center on Saraland Blvd S in Saraland.
The layout supports quick-service operations with drive-up service and on-site parking for customers.
The location is described as being across from the Saraland Event Center on Saraland Blvd S in Saraland.
The layout supports quick-service operations with drive-up service and on-site parking for customers.
Key Highlights
- Approximately 2,000 SF restaurant space for sale
- Drive‑up service window for quick customer service
- About 20 parking spaces on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,038
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,760
$420.8K
Cap Rate 7%
$300,543
$300.5K
Cap Rate 9%
$233,756
$233.8K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$30.0K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.1K $14.03/SF
− OpEx
−$7.0K −$3.51/SF
NOI
$21.0K $10.52/SF
Area
Mobile County, AL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,760
Cap Rate 7%
$300,543
Cap Rate 9%
$233,756
Alternative Uses
Best Use
Specialty Retail
$300.5K
$263.0K – $350.6K
NOI $21,038 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.8K
$431.2K – $574.9K
NOI $34,494 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 15%
Shops & Services 14%
Apparel 11%
Wendy's
Dining
14,637 visits/mo
0.1 miles
Piggly Wiggly
Groceries
14,111 visits/mo
0.2 miles
Taco Bell
Dining
11,624 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,983 visits/mo
0.2 miles
Hardee's
Dining
6,116 visits/mo
0.5 miles
Demographics for 36571, AL
16,759
Population
7,755
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
426
Density / Sq Mi
$61,574
Median Household Income
$47,696
Median Earnings
$1,072
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant space for sale with a drive-up service window and approximately 20 parking spaces.
Where is this drive through restaurant located?
The property is located at 732 Saraland S Boulevard Saraland, AL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 2,000 SF restaurant space for sale; Drive‑up service window for quick customer service; About 20 parking spaces on‑site
