Ground Lease–Outparcel on Hwy 59 in Foley
Vacant Land
for Lease
| Catylist Listing ID: |
30863364 |
| Property Subtypes: |
Retail, Other
|
| Gross Land Area: |
2 Acres
|
| Lease Rate: |
$200,000 (Annual)
$2.30 PSF (Annual)
|
| Base Monthly Rent: |
$16,666 |
| Lease Types: |
Ground Lease, NNN |
| In Opportunity Zone? |
Yes |
| Land Splits Available: |
Yes |
| Adjacent Parcels Available: |
Yes |
| Last Updated: |
4/15/2024 |
Overview / Comments
|
Proposed 2 acre site to be subdivided for ground lease. Dimensions are flexible. Seeking a 20 year lease term with six five year options to extend. Right of first refusal, $200,000 annual base rent, NNN ground lease. Located on NE corner of Hwy 59 and County Rd 24 E on the going home side. Parcel will be subdivided out of Tax PIN 67649. Corner has traffic lights with turn lanes and arrows for easy access. Located .6 miles north of South Baldwin Hospital with new $100 million additions.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-54-05-16-3-000-002.000 |
| Zoning: |
B1-A |
| Property Located Between: |
Hwy 59 and County Rd 24 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hwy 59 |
| Feet of Frontage: |
198 |
| Traffic/Vehicle Count: |
25,960 |
| Area Description: |
High residential growth. |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Sewer |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,342 |
9,392 |
24,860 |
| Median Age: |
47.64 |
41.22 |
40.51 |
| Households: |
1,852 |
3,860 |
9,980 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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