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Hardy Court Shopping Center 105 Hardy Court Shopping Ctr 268,428 SF 79% Leased Retail Building Gulfport, MS 39507 $15,292,493 CAD ($56.97 CAD/SF) 9% Cap Rate
Investment Highlights
- Diverse National & Regional Tenant Mix
- Strong In-Place Cash Flow
- Multiple Redevelopment & Expansion Opportunites
- High-traffic Gulfport Retail Corridor
- Significant Leasing Upside
- Prime Surrounding Demand Drivers
Executive Summary
Call For Offers: August 28, 2026, 2pm CST. Submit all offers to Justin Langlois
Hardy Court Shopping Center is a 268,428 SF multi-tenant retail center on 35.591 acres in Gulfport, Mississippi, anchored by Goodwill, Froogel's Cost + Foods, Dollar General, Circle K, Firestone, and Renasant Bank. Diverse national and regional tenancy supports durable in-place cash flow, with upside through lease-up, outparcel repositioning, and two adjacent development parcels.
Tenant Mix & Stability: The center is anchored by a diverse group of national and regional tenants, including Froogel’s Cost + Foods, Dollar General, Circle K, Firestone, O’Reilly Auto Parts, Goodwill, Renasant Bank, and others. This mix provides durable cash flow and consistent daily traffic. Current occupancy stands at 212,633 SF, with 55,795 SF of leasable vacancy offering meaningful upside. A significant portion of the vacancy is concentrated in just two large spaces, creating an outsized vacancy figure that can be quickly reduced through targeted leasing.
Value-Add & Development Potential:
Seven (7) existing outparcels, coupled with the ability to add additional pad sites, offer flexibility to reconfigure tenants, capture market-rate ground leases, and create long-term value
Two development parcels: Provide flexibility for new retail, restaurant, or medical development supporting both near-term and long-term value creation
±2.4-acre retail development site
±3.0-acre excess land parcel
Market Strength: Gulfport continues to experience steady population growth and benefits from a diversified economic base, including tourism, military, healthcare, shipbuilding, and aerospace. The surrounding trade area features a dense mix of national retailers, reinforcing Hardy Court’s position as a long-established retail corridor.
Hardy Court Shopping Center is a 268,428 SF multi-tenant retail center on 35.591 acres in Gulfport, Mississippi, anchored by Goodwill, Froogel's Cost + Foods, Dollar General, Circle K, Firestone, and Renasant Bank. Diverse national and regional tenancy supports durable in-place cash flow, with upside through lease-up, outparcel repositioning, and two adjacent development parcels.
Tenant Mix & Stability: The center is anchored by a diverse group of national and regional tenants, including Froogel’s Cost + Foods, Dollar General, Circle K, Firestone, O’Reilly Auto Parts, Goodwill, Renasant Bank, and others. This mix provides durable cash flow and consistent daily traffic. Current occupancy stands at 212,633 SF, with 55,795 SF of leasable vacancy offering meaningful upside. A significant portion of the vacancy is concentrated in just two large spaces, creating an outsized vacancy figure that can be quickly reduced through targeted leasing.
Value-Add & Development Potential:
Seven (7) existing outparcels, coupled with the ability to add additional pad sites, offer flexibility to reconfigure tenants, capture market-rate ground leases, and create long-term value
Two development parcels: Provide flexibility for new retail, restaurant, or medical development supporting both near-term and long-term value creation
±2.4-acre retail development site
±3.0-acre excess land parcel
Market Strength: Gulfport continues to experience steady population growth and benefits from a diversified economic base, including tourism, military, healthcare, shipbuilding, and aerospace. The surrounding trade area features a dense mix of national retailers, reinforcing Hardy Court’s position as a long-established retail corridor.
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Third Party Reports
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
268,428 SF
Building Class
B
Year Built/Renovated
1961/2007
Price
$15,292,493 CAD
Price Per SF
$56.97 CAD
Cap Rate
9%
NOI
$1,376,324 CAD
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
35.59 AC
Zoning
B-2
Parking
1,126 Spaces (4.19 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Froogle's Cost + Foods
- Retailer
-
99,999 SF
- -
- -
- Goodwill Store
- Retailer
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Froogle's Cost + Foods | Retailer | 99,999 SF | - | - | ||
| Goodwill Store | Retailer | 99,999 SF | - | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0910O-01-001.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,242,201 CAD |
Property Taxes
Parcel Number
0910O-01-001.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,242,201 CAD
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Hardy Court Shopping Center | 105 Hardy Court Shopping Ctr
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