1016-1020 Industrial Pky - Storefront Retail/Office FOR SALE


Saraland, AL 36571- Outer Saraland
$2,200,000 USD
251-510-2277
1016-1020 Industrial Pky, Saraland, AL for Sale
$2,200,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 7.1% Cap Rate

1016-1020 Industrial Pky
Saraland, AL 36571
Outer Saraland


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,809 SF

ZONING

B-2

APN/PARCEL ID

22-03-08-1-000-089.021

ASK ABOUT THIS PROPERTY

Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.