16 Saraland BlvdSaraland, AL 36571

Property Details for 16 Saraland Blvd

Year built

2016

Lot size

0.24 AC

Property size (Sq ft)

1,528 SF

Property type

Mixed-use properties

Property subtype

Other investment 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.

• CAP approach

  CAP return

  Valuation

  6%

  $266,423

  6.5%

  $245,929

  7%

  $228,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $164,959

  Geo Method

  $168,370

• Alternative Use

  Use

  Valuation

  Residential

  $245,929

  Hospitality

  $225,270

  Educational

  $187,422

  Medical

  $193,868

  Retail

  $291,545

Location Insight

City

Saraland

County

Mobile

State

Alabama

Latitude

30.8233

Longitude

-88.0695

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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