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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.
- 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