This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
18 Saraland Blvd N
Saraland, AL 36571
AutoZone Ground Lease | 2016 Construction · Retail Property For Sale
PROPERTY FACTS
ABOUT 18 SARALAND BLVD N , SARALAND, AL 36571
Marcus & Millichap, as exclusive advisor to the Seller, is pleased to offer for sale a new construction AutoZone Ground Lease in Saraland (Mobile, MSA) AL. The subject property is positioned on a 1.29 acre lot at the intersection of Highway 43 North and Celeste Road. The Tenant, Autozone Development, LLC, signed a 15 year absolute NNN ground lease which commenced in November of 2016. The lease is absolute NNN in nature with the Tenant responsible for all expenses. The lease features rent increases of 10% every 5 years in the base term of the lease and in each of the four (5) year options to renew. The City of Saraland is a bedroom community of Mobile and is located 10 miles north of Mobile. One of the main attractions to the city is its newly formed school system. In, 2008, Saraland broke off from the Mobile County school system and the new school has increased 86% since inception. Saraland has been on a path of growth in recent years with new commercial developments including Tractor Supply, Dollar Tree anchored shopping center, Autozone, CVS, and plans to construct a new Publix and Hospital.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $142,300 | |
| Land Assessment | $33,900 | Total Assessment | $176,200 |
PROPERTY TAXES
