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3839 Gulf Shores Parkway - Matress Firm, Gulf Shores, AL

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3839 Gulf Shores Parkway - Matress Firm

Gulf Shores, AL 36542-2711 - Baldwin County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2015
Building Size:3,850 SF Land Area:.53 AC (23,087 SF)
For Sale Price:$2,157,100 Price/SF:$560.29
Cap Rate:7.00 %

Sale Notes:
The property is located on a major gateway thoroughfare for tourists, employees, and residents with excellent visibility and access to 34,150 vehicles per day. Craft Farms, a 500-home community and golf resort with two 18-hole golf courses designed by Arnold Palmer and a large shopping center, is directly across from the property. One of three Coastal Alabama Community College campuses, formerly known as Faulkner State Community College, is located a mile south of the site and has an enrollment of over 4,400 students. The Craft Farms retail development, with approximately 650,000 square feet of floor space, features Target, Bed Bath & Beyond, Cobb Theatres, Publix, Books-A-Million, Hibbett Sports, Dollar Tree, and many other notable tenants. Other major retailers in the Gulf Shores Parkway retail corridor include Walmart Supercenter, Lowe' s, Hobby Lobby, Home Depot, and Tanger Outlets, which features a number of upscale retailers, including Michael Kors, Coach, Kate Spade, Le Creuset, and Tommy Hilfiger. The property is just over three miles from The Wharf, a shopping and entertainment district featuring a marina, golf course, water park, 10,000-seat amphitheater.

Cushman & Wakefield
Scott Crowle
(415) 604-4288

Michael T Yuras
(415) 481-0788

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