12 Shelton Beach Rd | Saraland, AL 36571
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- LoopNet Team
12 Shelton Beach Rd
Saraland, AL 36571
Walgreens Mobile MSA | $6.5M | Strong Sales · Retail Property For Sale
Investment Highlights
- 6.5 YRS REMAINING ON NNN LEASE - Lease has ±6. yrs of primaryterm remaining on an abs net lease & 10 (5-yr) options with no landlord responsibilities.
- ONLY WALGREENS IN A 4-MILE RADIUS – This is the only Walgreens in a 4-mi radius with the closest store located S on Saraland Blvd.
- MOBILE, ALABAMA MSA LOCATION - Located 12 mi N of Mobile and part of the MSA. Mobile is the 3rd most populous city in Alabama with 430K+ residents.
- STRONG SALES & 19-YR OPERATING HISTORY - This Walgreens location has over a 19-year drugstore operating history with solid sales performance.
- OVER 2 MILLION SF OF INDUSTRIAL 2 MI SOUTH - There is 2+ million SF of industrial space 2 mi S the subject including Honeywell-PMT, Allied Steel Corp.
- LOCATED ALONG MAJOR THOROUGHFARES – Along Saraland Blvd/Hwy 43 (±22,417 VPD) & 1 mi E of I-65 (±46,100 VPD), both roads run north-south into Mobile.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,828 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.02 AC
Parking
72 Spaces (4.95 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 19-08-33-0-008-032.001 | Improvements Assessment | $545,707 |
| Land Assessment | $73,288 | Total Assessment | $618,995 |
PROPERTY TAXES
Parcel Number
19-08-33-0-008-032.001
Land Assessment
$73,288
Improvements Assessment
$545,707
Total Assessment
$618,995
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