Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Net
Occupancy 100.0 %

Property description

Jones Lang Lasalle Americas, Inc. ("JLL") is pleased to offer for sale the fee simple interest in 1402 Industrial Parkway: a newly constructed, 3-tenant retail center (the “Property” or “Asset”) located in Saraland, Alabama (Mobile MSA). The Property is leased to Starbucks, T-Mobile and Firehouse Subs with 10-years of primary term remaining. The Asset is an outparcel lot to Publix Super Market within a highly trafficked corridor just off Interstate 65, benefitting from visibility to over 28,000 vehicles per day along Industrial Parkway State Route 158. The immediate surrounding location also includes the Saraland Medical Plaza, Exxon Mobil, Walmart Supercenter, Zaxby’s, Popeyes, and several blue-chip hotels. This offering presents the opportunity to acquire a newly constructed asset located within a growing retail corridor leased to strong national tenants with attractive rent bumps and minimal landlord responsibilities. 

Investment highlights

  • Industry-leading Starbucks anchored tenancy with a corporate guaranty
  • Publix Supermarket outparcel in a dense retail corridor along Interstate 65 with high visibility on Industrial Parkway State Route 158 (over 28,000 VPD)
  • Significant remaining primary lease term (10-years WALT) and minimal landlord responsibilities
Last Updated Date: 08 Oct 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
Broker Licenses
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
Broker Licenses
NY#10301206703

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 08 Oct 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.