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33997622
33997623

12 SHELTON BEACH RD, SARALAND, AL 36571

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services, Bang Realty
$3,850,000
3 days on market
Updated 3 days ago

Walgreens

Details
APN 19 08 33 0 008 032.001
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 14,828
Units 1
Cap Rate 9.48%
NOI $365,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 25
Lease Expiration 01/31/2029
Remaining Term 2.6
Lease Options Ten (10) - Five (5) Year Options
Price per SqFt $260
Year Built 2005
Stories 1
Acreage 2.020
Investment Type Net Lease
Lease Commencement 01/31/2004
Ground Lease No

Absolute NNN | Top Performing Location Per Placer. AI | Actual Photo Taken 06/22/2026

Marketing description

Walgreens at 12 Shelton Beach Rd, Saraland, AL 36571 presents an exceptional net-leased investment opportunity in one of Mobile County’s fastest-growing retail corridors. This 14,828 SF freestanding pharmacy with drive-thru sits on 2.02 acres at a highly visible, signalized intersection with combined traffic counts exceeding 40,000 vehicles per day and three points of ingress/egress.

Leased to Walgreens since 2004, the property features an absolute NNN lease structure with zero landlord responsibilities, including tenant responsibility for taxes, CAM, insurance, roof, and structure. The site is supported by strong store performance, ranking in the 91st percentile nationwide and 96th percentile in Alabama per Placer.ai. Positioned in a supply-constrained pharmacy market, this location is one of only two national chain drugstores serving the greater Saraland area.

The asset benefits from strong surrounding demographics, including more than 32,000 residents within 5 miles and average household income above $82,000. Surrounded by national retailers and located just 12 miles from Downtown Mobile, this offering combines durable tenancy, premier visibility, and strong market fundamentals in a strategic Gulf Coast location.

Investment highlights

  • Absolute Net Lease - ZERO Landlord Responsibilities
  • 14,828 SF Building Equipped W/ Drive-Thru Situated On 2.02 Acres
  • Excellent Visibility With Three Point of Ingress and Egress | Daily Vehicle Per Day At The Lighted Intersection Of Saraland Blvd, Celeste Rd and Shelton Beach Rd Exceed 40,000
  • Long Operating History | Leased Since 2004
  • Strong Reporting Store Sales | Contact Agent For More Details
  • Top-Performing Location Nationwide | 91st Percentile via Placer.Ai | Top 96th Percentile In Alabama | 733 Out Of 8,000 Locations Nationwide | 5 Out Of 120 In Alabama
  • Strong Average Household Income Within 5-Miles | $80,000
  • Strong Trade Area Fundamentals | 31,000 Residents Within a 5-Mile Radius Supported By 11,000 Households & 8,500 employees
  • One of Only Two National Chain Drugstores Serving the Entire Saraland Market, Creating a Highly Limited and Supply-Constrained Pharmacy Environment
  • Strategically Positioned Along a Major Commuter Corridor Connecting Northern Mobile County to the Employment Centers of Mobile, Driving Consistent Daily Traffic and Consumer Demand
  • 12 Miles To Downtown Mobile, AL

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services, Bang Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$365,000.00
$30,416.67/mo

Valuation Metrics

0
DSCR
9.48%
Cap Rate
9.48%
ROI

Map

Zoning

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B2 CommercialGeneral CommercialGeneral Business District
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Last updated Mar 25, 2026 For deeper zoning details, reports are available at Zoneomics

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