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1016-1020 Industrial Pky
Saraland, AL 36571
Gateway Centre · Retail Property For Sale
Executive Summary
New Listing: $2,200,000 | Fully Leased 3 Unit Neighborhood Center |
1016 Industrial Parkway, Saraland AL
Herrington Realty is pleased to present an exclusive opportunity to purchase a stabilized, three-tenant strip center in the fast-growing city of Saraland, Alabama. Anchored by McAlister’s Deli, which occupies 3,200 SF and features a drive-thru, the property is perfectly positioned directly on the city's main retail corridor. It sits prominently across from Saraland High School and a Walmart Supercenter, ensuring high visibility and consistent traffic. 1st Franklin Financial and TherapySouth round out the remaining units, providing a diverse and reliable tenant mix.
Contact Herrington Realty for more information.
Investment highlights
Investment Highlights
McAlister's Deli
Franchisee Profile: Strong unit operator with a portfolio of over 70 locations.
Remaining Term: 9 years remaining on the current lease term.
Other Tenant Profiles: Corporate leases with Franklin Financial and TherapySouth, both of which maintain a large market presence.
1016 Industrial Parkway, Saraland AL
Herrington Realty is pleased to present an exclusive opportunity to purchase a stabilized, three-tenant strip center in the fast-growing city of Saraland, Alabama. Anchored by McAlister’s Deli, which occupies 3,200 SF and features a drive-thru, the property is perfectly positioned directly on the city's main retail corridor. It sits prominently across from Saraland High School and a Walmart Supercenter, ensuring high visibility and consistent traffic. 1st Franklin Financial and TherapySouth round out the remaining units, providing a diverse and reliable tenant mix.
Contact Herrington Realty for more information.
Investment highlights
Investment Highlights
McAlister's Deli
Franchisee Profile: Strong unit operator with a portfolio of over 70 locations.
Remaining Term: 9 years remaining on the current lease term.
Other Tenant Profiles: Corporate leases with Franklin Financial and TherapySouth, both of which maintain a large market presence.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Year Built
2015
Price
$3,008,940 CAD
Price Per SF
$501.49 CAD
Cap Rate
7.10%
NOI
$213,635 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.29 AC
Zoning
B-2
Property Taxes
| Parcel Number | 22-03-08-1-000-089.021 | Improvements Assessment | $277,686 CAD |
| Land Assessment | $223,111 CAD | Total Assessment | $500,798 CAD |
Property Taxes
Parcel Number
22-03-08-1-000-089.021
Land Assessment
$223,111 CAD
Improvements Assessment
$277,686 CAD
Total Assessment
$500,798 CAD
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