Eastern Shore Plaza

JLL is pleased to launch Eastern Shore Plaza, located at 10200 Eastern Shore Blvd, Spanish Fort, AL 36527.

This opportunity is strategically positioned within Baldwin County, the sixth fastest-growing metro in the nation and home to the Gulf Coast's most dominant retail corridor. With over 6 million annual visits, Eastern Shore Plaza offers a compelling value-add investment with significant NOI growth prospects, driven by a 10-year CAGR of approximately 3.2% and as-is NOI standing around $2,685,000.

Value drivers during the hold period include significant mark-to-market capabilities, anchors that pay below market rents with expiring options, separately parceled outparcels, and immediate lease up of two medium sized end-caps.

Located along the I-10 & AL+181 highways, traffic counts exceed 100,000 vehicles per day, The surrounding retail node of Spanish Fort AL contains affluent demographics (~$125,000 AHHI), immense drawing power as the main shopping destination pulling customers from 50+ miles, and immense population growth as Baldwin County is the 6th fastest growing metro in the nation.

Looking ahead, Eastern Shore Plaza presents robust growth potential and offers stable cash flow and exciting value creation opportunities. Investors can leverage the attractive below-market rent conditions to maximize returns in this regionally dominant retail node.