24824 CAN RD Orange Beach AL 36561

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest of the investment property, The Shops at Canal Square, located at 24824 Canal Road, Orange Beach, AL 36561 (“Subject Property”). The subject property is a dual-tenant retail asset consisting of a 2,397 square-foot building that sits on approximately .55 acres.

The Shops at Canal Square is a brand-new construction (2022) asset that is currently 100% occupied by Smoothie King and Bad Ass Coffee. The leases, with an approximate 10-year WALT, features minimal landlord responsibilities and rental escalations in the option periods for both tenants, allowing investors superior risk adjusted yields.

The Subject Property is strategically located with visibility and frontage to “Alabama’s Coastal Connection” which is a National Scenic Byway stretching 130 miles along the Alabama Gulf Coast. The tenants benefit from proximity to major attractions within Orange Beach such as the Orange Beach Sportsplex (1.3 miles) and the Wharf at Orange Beach (1.9 miles) which features shopping amenities, hotels, an amphitheater, the Wharf Marina, and local cuisine.

• Small Price Point Deal Size

• Brand New Construction (2022)

• Long Lease Term (10 Year WALT)

• Hard Corner Drive Thru Location

• Frontage to “Alabama’s Coastal Connection”

• Minimal Landlord Responsibilities

• Rent Increases in Option Periods