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    7854 State Highway 59 Foley, AL 36535

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    For Sale
    $7,833,333

    New retail property with a long-term lease and strong demographics.

    Property size:
    21,930 SF
    Lot size:
    20.91 Acres

    Property Features for 7854 State Highway 59

    General Information

    Size
    21,930 SF
    Lot size
    20.91 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Scotty Latimer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Property For Sale

    This is a new, built-to-suit property constructed in 2024 for Tractor Supply Company, featuring their new Garden Center concept. The property includes a rare 20-year lease with 5% rent increases every five years. It is strategically located on Hwy 59, which experiences over 43,500 vehicles per day. Nearby national tenants include Shell, Dollar General, Burger King, Chick Fil A, Walmart Supercenter, The Home Depot, Hardees, and Lowes. The property has a 20-year transferable warranty. The 5-mile population exceeds 38,787 residents, with a projected population growth of 15% over the next five years. The average household income within a 10-mile radius is $99,252. The property size is 21,930 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6809
    Latitude
    30.339196

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    FAQs

    What type of property is this?
    Storefront property - New retail property with a long-term lease and strong demographics.
    Where is this storefront property located?
    The property is located at 7854 State Highway 59 Foley, AL.
    What is the asking price?
    The asking price for this property is $7,833,333.
    What are key features of this property?
    This property features: - Extremely rare 20-year lease with 5% rent increases every five years; - 2024 built-to-suit for Tractor Supply Company which includes their new Garden Center concept; - Strategically located on Hwy 59, which sees in excess of ±43,500 vehicles per day
    (858) 866-6166
    Request Owner's contact information
    7854 State Highway 59 Foley, AL 36535
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    Foley, AL 36535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7854 State Highway 59 Foley, AL 36535
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