1514 Gulf Shores Pky - Retail FOR SALE


Gulf Shores, AL 36542
$1,393,000 USD
205-965-8250
1514 Gulf Shores Pky, Gulf Shores, AL for Sale
$1,393,000 USD
Retail - FOR SALE
1/3
null | 5.6% Cap Rate

1514 Gulf Shores Pky
Gulf Shores, AL 36542


HIGHLIGHTS

  • State-backed tenant ensures reliable income and credit strength
  • Prime Gulf Shores Parkway frontage with over 42,000 vehicles daily
  • Lease term through April 2033 with scheduled rent escalations
  • No renewal options, offering future repositioning flexibility
  • Located in a top-tier tourism market attracting 8 million visitors annually

OVERVIEW

ABC Select Spirits offers investors a rare opportunity to acquire a high-visibility retail property in one of Alabama’s most dynamic coastal markets. Located along Gulf Shores Parkway (Highway 59), the primary commercial artery connecting Interstate 10 to Gulf Shores and Orange Beach, this asset benefits from exceptional exposure to over 42,000 vehicles daily. Gulf Shores attracts approximately 8 million visitors annually, ensuring consistent traffic and strong retail demand year-round. The property is leased to the Alabama Alcoholic Beverage Control Board, a State of Alabama–backed tenant, delivering secure income and credit stability. The lease runs through April 2033 with built-in rent escalations, providing predictable growth and a favorable investment horizon. With no renewal options, investors gain strategic flexibility at lease expiration to renegotiate rents or reposition the property for higher returns. Offered at an attractive price point with below-market rents, this investment combines durable cash flow today with meaningful upside potential in the future. Surrounded by thriving retail, hospitality, and residential developments, the site is positioned in a corridor that continues to benefit from Gulf Shores’ robust tourism economy and infrastructure improvements. This is an ideal opportunity for investors seeking a stable, long-term income stream in a premier coastal destination.

FOR SALE DETAILS

PRICE

$1,393,000 USD

PRICE/SF

$435 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

66-04-17-1-000-025.000

ASK ABOUT THIS PROPERTY

Andrew ChasonMarcus & MillichapMore Info
205-965-8250

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Andrew ChasonMarcus & MillichapMore Info
205-965-8250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.