Technical
Financial
Distress signals
Property profile

1235 Mckenzie St Foley, AL 36535

OFF-MARKET
Retail space
Property ID
US03-0704313
49,913 SF 6.6 ac lot Built 1994
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.5-acre pad site presents a remarkable ground lease opportunity in Foley, Alabama's thriving retail corridor. Strategically located at 1235 S McKenzie St, 36535, this property boasts unparalleled visibility and accessibility. Situated directly adjacent to a Winn-Dixie supermarket, this location benefits from significant existing foot traffic and consumer draw. The site is conveniently positioned near the Foley Beach Express, providing easy access for both local residents and tourists. Furthermore, its proximity to the Tanger Outlets and other major national retailers ensures a high volume of potential customers. This prime location offers an ideal opportunity for a variety of retail businesses seeking exposure in a bustling commercial area. The property is situated in Baldwin County, Alabama, and offers a single-tenant ground lease arrangement. The site's 0.5-acre size provides ample space for development, while its location within a well-established retail hub guarantees a strong return on investment. Less than 15 miles from the beach, this property benefits from both local and tourist traffic. This is a rare opportunity to secure a highly visible and accessible location in one of Foley's most desirable commercial areas.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Total area 49,913 SF
Lot 6.6 ac (287,496 SF)
APN 54-08-33-2-000-016.003
UPID US03-0704313

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
  • Grocery & Convenience Store Food Market
  • Crypto Atm Atm
  • Big Box & Wholesale Store
  • Atm Currency Exchange Service
  • Atm

Location

1235 Mckenzie St Foley, AL 36535-1818
Foley metro Census 11503 DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.55M
CAP Approach CAP
$8.27M
Comparable Approach Comparable
$9.32M
Blend (final) Blend
$7.56M

Owner & transaction history

since 2025
Last sale
$6.5M
6 recorded transactions
2025
$5.0M
2022
$6.5M
2018
Price N/A
2010
Price N/A
2009
$2.2M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $9.8M +14.6%

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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