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Property profile & analytics
OFF-MARKET
Neighborhood centers

2434 Mckenzie St Foley, AL 36535

219,888 SF Built 2018
Property ID
Property summary
AI-generated overview

This exceptional Class A retail property, Foley Square/Riviera Square, presents a unique leasing opportunity in Foley, Alabama. Located at 2434 S McKenzie St, 36535, this 219,888 square foot, two-building community center offers a junior anchor space of 10,027 contiguous square feet currently available for lease. Built in 2018, the single-story complex sits on a 16.7-acre lot and benefits from a highly desirable location near the intersection of Highway 59 and County Road 20. Boasting impressive visibility and convenient access, the property features three signalized entrances on Highway 59 and shared access with a Walmart Supercenter parking lot, ensuring high traffic flow. The property's strategic location within Baldwin County, the fastest-growing county in Alabama and 7th fastest-growing in the US, provides access to a robust and expanding consumer base. Annual traffic counts at the site reached 34,769 in 2022. The property is zoned commercial (APN: 05-61-03-05-1-001-012.006) and includes premium national tenants. This grocery-anchored neighborhood center presents a compelling investment opportunity for businesses seeking high visibility and strong consumer traffic in a rapidly growing market. The minimum divisible space is 10,027 square feet.

Property profile
Verified
Property type Neighborhood centers
Year built 2018
Total area 219,888 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Orenda Originals Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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