108 N Section St
Fairhope, AL 36532
Section Place · Retail Property For Sale

Marcus & Millichap, as exclusive agent to Seller, is pleased to present Section Place located at 108 Section Street in Fairhope, Alabama. The building was constructed in 2017 and features high quality construction and an attractive design. It is located in the coveted downtown district of Fairhope and is truly a pride of ownership asset. Downtown Fairhope presents high barriers to entry with high occupancy rates and attracts investors who value capital preservation and long-term appreciation. Section Place is currently 100% leased to five tenants including Cactus Cantina, Section Street Pizza, The Yard Milkshake, Its all Greek to Me and Vine Boutique. All of the tenants are operating on five-year NNN leases that feature two percent or more annual rent increases in both the initial term and respective options. Fairhope is a vibrant town that lies on Alabama’s Gulf Coast and is currently the fastest growing city in Alabama experiencing a 41% population increase since 2010. It is also the 25th fastest growing city in the United States. Fairhope is located in Baldwin County which is the fastest growing county in the State featuring four of the top eight fastest growing cities in the State. In addition, it is part of the Daphne-Fairhope-Foley MSA which is the 12th fastest growing MSA’s in the country.