Leased Retail
For Sale
Contact for pricing
3839 Gulf Shores Parkway, Gulf Shores, AL 36542
Retail investment with an 11-year lease featuring scheduled 10% increases every five years.
Property Size18,000 SF
Price / SF$172.22
Days on Market195
Property Features for 3839 Gulf Shores Parkway
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Retail, Office, Industrial
Zoning
General Business
Investment Type
Owner/User
Site & Location
Traffic Count
43,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Marcus & Millichap - Mobile
Listed By:
Andrew Chason · License #AL 000079317-0
(205) 871-5360
Source:
Crexi
Added: Apr 10
Changed: Oct 12
Last Checked: Oct 20 at 9:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Mobile
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is offered as a leased investment with an 11-year lease term and scheduled 10% increases every five years, providing ongoing rent growth mechanics over the lease period.
Located on Gulf Shores Parkway in a high-traffic corridor, the property is described as across from Publix, Cobb Theaters, and Bed Bath & Beyond, with 43,000+ cars per day reported along Highway 59. The surrounding area is also described as near Craft Farms Golf Resort, Faulkner State Community College, and Columbia Southern University, with additional major retailers in the vicinity including Tanger Outlet Center, Walmart Supercenter, Lowe’s, Home Depot, and Hobby Lobby.
Located on Gulf Shores Parkway in a high-traffic corridor, the property is described as across from Publix, Cobb Theaters, and Bed Bath & Beyond, with 43,000+ cars per day reported along Highway 59. The surrounding area is also described as near Craft Farms Golf Resort, Faulkner State Community College, and Columbia Southern University, with additional major retailers in the vicinity including Tanger Outlet Center, Walmart Supercenter, Lowe’s, Home Depot, and Hobby Lobby.
Key Highlights
- Retail investment with an 11‑year lease and scheduled 10% increases every five years
- Located on Highway 59 with 43,000+ cars/day traffic count
- Across from Publix, Cobb Theaters, and Bed Bath & Beyond
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,687
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,873,740
$3.9M
Cap Rate 7%
$2,766,957
$2.8M
Cap Rate 9%
$2,152,078
$2.2M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$302.4K $16.80/SF
− Vacancy
−$25.7K −$1.43/SF
EGI
$276.7K $15.37/SF
− OpEx
−$83.0K −$4.61/SF
NOI
$193.7K $10.76/SF
Area
Baldwin County, AL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,873,740
Cap Rate 7%
$2,766,957
Cap Rate 9%
$2,152,078
Alternative Uses
Best Use
Retail
$2.77M
$2.42M – $3.23M
NOI $193,687 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,005 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
43,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 36542, AL
16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail investment with an 11-year lease featuring scheduled 10% increases every five years.
Where is this retail space located?
The property is located at 3839 Gulf Shores Parkway Gulf Shores, AL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Retail investment with an 11‑year lease and scheduled 10% increases every five years; Located on Highway 59 with 43,000+ cars/day traffic count; Across from Publix, Cobb Theaters, and Bed Bath & Beyond
