Proposed Retail Development at The Wharf
Retail-Commercial
for Lease
| Catylist Listing ID: |
30638673 |
| Property Subtypes: |
Restaurant, Retail-Pad, Other
|
| Building Status: |
Proposed |
| Contiguous Space: |
1,750 - 7,000 SF |
| Building Size (RSF): |
7,000 SF |
| Gross Land Area: |
1.90 Acres
|
| Lease Rate: |
$30 PSF (Annual)
|
| Base Monthly Rent: |
$4,375 |
| Lease Types: |
NNN |
| Has Drive-Thru? |
Yes |
| Last Updated: |
4/5/2021 |
Overview / Comments
Strategically positioned on a 222-acre site located at the intersection of Foley Beach Express and Canal Road in Orange Beach, AL, The Wharf has evolved as a dynamic mixed-use development that offers a myriad of shopping, entertainment, and culinary options for both the ever- increasing local population, as well has the influx of tourists that visit Coastal Alabama throughout the year. With the 380,000 SF of existing commercial space reaching an occupancy level of 93%, the committed ownership has plans to develop additional targeted uses to further enhance The Wharf.
Pre-leasing is now underway for a proposed 7,000 SF retail building. The design will allow for a single-tenant BTS, or a multi-tenant building with up to four retail spaces. Drive-thru opportunities on each endcap exist, and a patio area can be incorporated. Great visibility and exposure from Canal Road will add to the appeal of the new retail building, which could be delivered by late 2021. For additional information, please contact Stirling Properties.
**Note: Quoted rental rate and delivery date are projections only, and subject to change
|
| Level/Floor: |
1 |
| Space Available: |
1,750 SF |
| Max Contiguous: |
7,000 SF |
| Lease Rate: |
$30 PSF (Annual)
$4,375 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
West end cap, with drive-thru option |
| Date Available: |
12/1/2021 |
| Space Type: |
New |
| CAM Expenses |
$6 PSF (Annual) |
| Rent Escalators |
Percentage Lease |
| Rent Escalators Description |
3% Per Year |
| Level/Floor: |
1 |
| Space Available: |
1,750 SF |
| Max Contiguous: |
7,000 SF |
| Lease Rate: |
$30 PSF (Annual)
$4,375 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
12/1/2021 |
| Space Type: |
New |
| CAM Expenses |
$6 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
| Level/Floor: |
1 |
| Space Available: |
1,750 SF |
| Max Contiguous: |
7,000 SF |
| Lease Rate: |
$30 PSF (Annual)
$4,375 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
12/1/2021 |
| Space Type: |
New |
| CAM Expenses |
$6 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
| Level/Floor: |
1 |
| Space Available: |
1,750 SF |
| Max Contiguous: |
7,000 SF |
| Lease Rate: |
$30 PSF (Annual)
$4,375 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
East end cap,with drive-thru option |
| Date Available: |
12/1/2021 |
| Space Type: |
New |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% |
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Taxing Authority: |
Orange Beach / Baldwin County |
| Tax ID/APN: |
05-66-01-01-1-001-004.000 |
| Zoning: |
PUD |
| Largest Nearby Street: |
Canal Road |
| Highway Access: |
Foley Beach Express |
| Tenancy: |
Multiple Tenants |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,747 |
9,776 |
15,528 |
| Median Age: |
36.35 |
39 |
42.21 |
| Households: |
707 |
4,241 |
6,799 |
|
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