Investment Overview

Marcus & Millichap is proud to present this unique investment opportunity, a 15,000 SF, multi-tenant retail center strategically located at 1308 Gulf Shore Pkwy in Gulf Shores, Alabama. This property sits on a 1-acre lot, with 194 feet of frontage, along Gulf Shore Pkwy (Hwy 59), with the primary corridor connecting Gulf Shores and Orange Beach to the I-65 and I-10 interstates, offering exceptional visibility and high daily traffic counts (AADT 46,741). Currently 62.7% occupied, the center is anchored by Sherwin-Williams, a national credit tenant with a long-term Modified NNN lease extending through 2032. Additional tenants, including Matt’s Ice Cream and Taco Fiesta, contribute to a diverse and stable income stream. Positioned within 1 mile of Gulf Shores’ bustling tourist attractions and beachfront hotels, the property benefits from its proximity to the city’s vibrant coastal strip, ensuring a steady flow of both local and visitor traffic. The property is zoned for general business use, accommodating a mix of commercial and service-oriented tenants to meet community needs. With a projected Net Operating Income (NOI) of $302,526 and significant upside potential through leasing/developing a vacant 3,000 SF Loft, 2,000 SF patio, and 600 SF Garage, this property offers investors a rare opportunity to acquire a well-positioned asset in one of Alabama’s premier coastal markets.