Property summary
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
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Food Market
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Crypto Atm Atm
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Big Box & Wholesale Store
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Atm Currency Exchange Service
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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