16 Saraland Blvd Saraland, AL 36571-2427
- Investment properties
- 1,528 SF
- 0.24 lot acres
Current Use by Public Records
- Investment properties
Property Details for 16 Saraland Blvd
- Year built
- 2016
- Lot size
- 0.24 lot acres
- Property size
- 1,528 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 19 08 33 0 008 068.XXX
- APU
- 1908330008068XXX
Description
This exceptional investment opportunity presents a freestanding 1,500 square foot AT&T retail property located at 16 Saraland Blvd N, Saraland, AL 36571, in Mobile County. The property, built in 2016, is situated on a fee-simple lot and operates under a single-tenant, net lease agreement with Prime Communications, LP, the largest AT&T Authorized Retailer in the US. The current lease, commenced June 1, 2016, has a remaining term of approximately 1.5 years, expiring May 31, 2026, with a built-in 10% rent increase every five years and a 10-year renewal option. The tenant is responsible for all expenses except roof and structure maintenance. The asking price is $585,000, representing a price per square foot of $390 and an attractive 8.21% cap rate based on a current net operating income (NOI) of $48,000. This property offers a strong, stable income stream backed by a national tenant in a growing community. Saraland, a suburb of Mobile, Alabama, experienced a 20.6% population growth between 2010 and 2020, currently standing at 16,319 residents. The city is known for its quality school system and family-friendly environment. This is a compelling investment opportunity for those seeking a secure, high-yield retail asset with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saraland
- County
- Mobile
- State
- Alabama
- Longitude
- -88.0695
- Latitude
- 30.8233
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
