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: 6/14/2024

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 $250 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

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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


Photograph of Listing Agent

Garrett Foley

Foley and Company Gulf Coast CMLS Member
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