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

Investment properties

Property subtype

Retail residential 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%

  $241,574

  6.5%

  $222,991

  7%

  $207,063

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,553

  Geo Method

  $110,798

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $423,189

  Retail / Commercial

  $220,795

  Hospitality / Lodging

  $167,486

  Office

  $224,774

  Institutional / Educational

  $232,887

  Residential Income

  $272,478

  Multifamily

  $310,256

  Automotive / Energy

  $199,618

  Parking / Income-Based Land

  $65,938.10

  Restaurant / Food Service

  $122,347

  Healthcare / Senior Housing

  $225,614

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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