Investment Overview

Marcus & Millichap has listed the rare opportunity to purchase a five-tenant retail condo offering within the SanRoc Cay Marina development. The mixed-use development includes ground floor retail, restaurants as well as office and residential condos on the upper floors. This particular offering includes two suites that have been demised to home five separate retail tenants across 5,900 square feet of space. The suites are currently 100% occupied with a mix of boutique tenants who cater to the local beachside communities. Other tenants in the center (but that are not part of this offering) that drive customer traffic to the center include Louisiana Lagniappe, Pelican Grill and The Tipsy Pelican outdoor bar, Pizza at the Pass and a salon and spa. The center has an abundance of parking surrounding the buildings as well as underground parking. The marina behind the center also is home to several boat and fishing charter companies as well as the Reel Surprise Dock Store which sells fuel, fishing bate, ice and other essential boating supplies. SanRoc Cay Marina and Retail Center in Orange Beach, Alabama, is a vibrant entertainment district that blends boutique shopping, fine dining, coastal leisure and an outdoor bar. Situated along Perdido Beach Boulevard, this waterfront destination offers a laid-back yet upscale atmosphere, making it a favorite spot for both locals and visitors. The marina features a selection of boutiques offering resort wear, accessories, and unique gifts. Shops including Wonder251, Blue Lagoon Swimwear, Jane Loves Shoes, Treasure Chest and Daxx provide fashion clothing, handmade jewelry, swimwear and shoes. SanRoc Cay boasts a diverse array of dining establishments including: • Louisiana Lagniappe – Renowned for its Creole cuisine and elegant ambiance. • Pelican Grill – Offers a menu ranging from seafood to steaks, complemented by an in-house bar. • Pizza at the Pass – A casual spot serving pizza, wings, and pasta, with options for dine-in, carry-out, or delivery. The marina is not just for docking boats; it's a hub for water-based adventures. Visitors can embark on deep-sea fishing trips, dolphin cruises, or rent paddleboards and jet skis. The picturesque harbor, with yachts silhouetted against the setting sun, adds to the district's coastal charm. At the heart of SanRoc Cay lies its courtyard—a gathering space surrounded by shops, eateries and a newly opened outdoor bar called the Tipsy Pelican. This area is highlighted by a hand-sculpted Silver Sailfish statue, symbolizing the Gulf's rich marine life and serving as a popular photo opportunity. Orange Beach, Alabama, is a picturesque resort city located on the Gulf of Mexico in Baldwin County. As the easternmost community on Alabama’s Gulf Coast, it shares a border with Perdido Key, Florida, and is just west of Gulf Shores. Incorporated in 1984, the city has grown into a popular vacation destination with a population of approximately 8,095 residents as of the 2020 census. During peak seasons, the population swells to over 100,000 due to tourism. Orange Beach boasts 32 miles of white sand beaches, ideal for swimming, sunbathing, and water sports. Nearby Gulf State Park offers over 6,000 acres of trails, lakes, and a 1,540-foot fishing pier. The city is home to The Wharf: A vibrant entertainment district featuring a 112-foot Ferris wheel, marina, shopping, dining, and live events. Orange Beach is increasingly recognized as an attractive retirement destination. The city offers a lower-than-average cost of living, moderate median home prices, and favorable tax policies, such as no tax on Social Security income. With a median age of 51.6 and 28.5% of residents aged 65 or older, many retirees have found their haven here.