105 Hardy Court Shopping Ctr
Gulfport, MS 39507
Hardy Court Shopping Center · Retail Property For Sale

Hardy Court Shopping Center is a 268,428 SF established retail destination positioned at the high-visibility intersection of Pass Road and Courthouse Road, one of Gulfport’s most trafficked corridors. The center benefits from excellent access, strong surrounding demographics, and proximity to major employers, including the Naval Construction Battalion Center, Memorial Hospital, and Gulfport High School.
Key Investment Highlights:
Asking Price: $11,548,456.00
Current NOI: $1,039,360
Cap Rate: 9%
GLA: 268,428 SF on 35.6 acres
Year Built/Renovated: 1974 / 2007
Tenant Mix & Stability: The center is anchored by a diverse group of national and regional tenants, including Froogel’s Cost + Foods, Dollar General, Circle K, Firestone, O’Reilly Auto Parts, Goodwill, Renasant Bank, and others. This mix provides durable cash flow and consistent daily traffic. Current occupancy stands at 206,305 SF, with 62,103 SF of leasable vacancy offering meaningful upside. A significant portion of the vacancy is concentrated in just two large spaces, creating an outsized vacancy figure that can be quickly reduced through targeted leasing.
Value-Add & Development Potential:
Seven (7) existing outparcels with repositioning potential
Ability to add additional pad sites
Two development parcels:
±2.4-acre retail development site
±3.0-acre excess land parcel
These components create opportunities for new ground leases, redevelopment, or expansion of the tenant mix.
Market Strength: Gulfport continues to experience steady population growth and benefits from a diversified economic base, including tourism, military, healthcare, shipbuilding, and aerospace. The surrounding trade area features a dense mix of national retailers, reinforcing Hardy Court’s position as a long-established retail corridor.