1884 S McKenzie St Foley, AL 36535

This exceptional 1.12-acre outparcel presents a unique ground lease opportunity on Highway 59 in Foley, Alabama. Boasting approximately 247 feet of frontage on this major thoroughfare, the property benefits from a center turn lane for northbound traffic and a deceleration lane for southbound vehicles, ensuring excellent accessibility. An existing curb cut simplifies ingress and egress. The site's strategic location offers significant visibility and exposure to a high volume of daily traffic, estimated between 34,769 and 37,041 vehicles. The lease is a NNN (Net, Net, Net) arrangement, with the yearly rate set at $90,000. Lease terms are negotiable, and the possibility exists to expand the property's depth, providing access to 9th Avenue (refer to the provided survey for details). This property is situated just 11 miles from the popular Gulf Shores beaches. Foley is experiencing remarkable growth, part of the 7th fastest-growing MSA in the nation (Daphne-Fairhope-Foley), and ranks in the top 1% nationally for wage and salary growth. The MSA currently boasts a population of 260,998, projected to increase by 50,000 residents within the next decade. This presents a compelling investment opportunity in a thriving market with exceptional potential for long-term growth. The total usable square footage is 48,787 square feet.