Property profile

10200 Eastern Shore Blvd Spanish Fort, AL 36527

FOR LEASE
Super regional malls
Property ID
US03-1339453
92,144 SF 35 ac lot Built 2005
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Eastern Shore Plaza, a ±265,000 square foot power center, presents a unique investment opportunity in Spanish Fort, Alabama's fastest-growing Baldwin County. This prime retail location boasts five available spaces ranging from 4,500 to 49,223 square feet, ideal for a variety of businesses. The property enjoys a highly desirable location at the intersection of I-10 and Highway 181, providing exceptional visibility and convenient access to Mobile, Fairhope, Gulf Shores, and Pensacola. Benefit from a high-income demographic and strong co-tenancy including nationally recognized retailers such as Best Buy, Ashley Furniture, Ross Dress for Less, and Old Navy. The center experiences significant traffic volume, with over 63,000 vehicles passing daily. This exceptional location offers unparalleled exposure and accessibility, making it an attractive proposition for businesses seeking a thriving retail environment in a rapidly expanding market. The property's size and prominent location within Eastern Shore Plaza ensure high visibility and significant foot traffic. This is a rare opportunity to secure space in a successful, established power center in a prime location.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2005
Total area 92,144 SF
Lot 35 ac (1,524,600 SF)
APN 32-07-26-0-000-022.001
UPID US03-1339453

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Hair Salon
  • Discount Store
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Hair Salon

Location

10200 Eastern Shore Blvd Spanish Fort, AL 36527
Spanish Fort metro Census 10708 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.49M

Owner & transaction history

since 2016
2 recorded transactions
2016
$31.8M
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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