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Gateway Centre 1016-1020 Industrial Pky 6,000 SF 100% Leased Retail Building Saraland, AL 36571 $2,200,000 ($366.67/SF) 7.10% Cap Rate
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
$2,200,000
Price Per SF
$366.67
Cap Rate
7.10%
NOI
$156,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.29 AC
Zoning
B-2
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-03-08-1-000-089.021 | Improvements Assessment | $200,880 |
| Land Assessment | $161,400 | Total Assessment | $362,280 |
Property Taxes
Parcel Number
22-03-08-1-000-089.021
Land Assessment
$161,400
Improvements Assessment
$200,880
Total Assessment
$362,280
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Gateway Centre | 1016-1020 Industrial Pky
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