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1514 Gulf Shores Pky 3,200 SF Retail Building Gulf Shores, AL 36542 $1,934,208 CAD ($604.44 CAD/SF) 5.60% Cap Rate

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
3,200 SF
Building Class
C
Year Built
2018
Price
$1,934,208 CAD
Price Per SF
$604.44 CAD
Cap Rate
5.60%
NOI
$108,316 CAD
Tenancy
Single
Building Height
1 Story
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Regions Bank
Truist
SouthState Bank
Rouses Markets
Publix
Zaxby's
Woodforest National Bank
Renasant Bank
Hancock Whitney Bank
Checkers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
66-04-17-1-000-025.000
Land Assessment
$133,862 CAD
Improvements Assessment
$181,869 CAD
Total Assessment
$315,731 CAD
  • Listing ID: 39026358

  • Date on Market: 2026-01-09

  • Last Updated:

  • Address: 1514 Gulf Shores Pky, Gulf Shores, AL 36542

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