Hardy Court Shopping Center
Hardy Court Shopping Center is a 268,428 SF multi-tenant retail strip center in Gulfport, Mississippi, offered at $11,548,456 at an 8.29% cap rate ($787,125 NOI). The 35.6-acre, 13-building property anchored by Froogel's Cost + Foods, Dollar General, Circle K, Firestone, O'Reilly Auto Parts, Goodwill, and Renasant Bank sits at the high-visibility intersection of Pass Road and Courthouse Road, one of Gulfport's busiest commercial corridors.
Built in 1974 and renovated in 2007, the center is currently 77% occupied with 206,305 SF leased and 62,103 SF vacant. Much of the available space is concentrated in two large units positioned for efficient re-leasing. The property presents multiple value-add opportunities: seven existing outparcels with repositioning potential, the ability to add new pad sites, and two development parcels totaling approximately 5.4 acres for expansion, redevelopment, or ground lease opportunities. The surrounding trade area is anchored by Gulfport High School, Memorial Hospital, Naval Construction Battalion Center, and Air National Guard Base, with nearby national retailers including McDonald's, Sonic, Dollar Tree, Smoothie King, and Wendy's. The property benefits from strong demographics and steady traffic driven by tourism, military, healthcare, shipbuilding, and aerospace industries in this growing coastal market.
- 268,428 SF multi-tenant center with 13 buildings on 35.6 acres
- 77% occupied; 62,103 SF vacancy concentrated in two large units ready for re-leasing
- Seven repositionable outparcels plus 5.4 acres of development land
- Anchored by Froogel's, Dollar General, Circle K, Firestone, O'Reilly Auto Parts, Goodwill, Renasant Bank
- Prime Pass Road/Courthouse Road intersection in Gulfport's busiest commercial corridor
- Strong trade area: Gulfport High School, Memorial Hospital, military bases, growing coastal economy
More property details
Location
Hardy Court Shopping Center is a 268,428-square-foot retail destination strategically located at the highly visible intersection of Pass Road and Courthouse Road in Gulfport, one of the city’s busiest commercial corridors. Offered at $9,500,000 with a current NOI of $787,125 and an 8.29% cap rate, the property sits on 35.6 acres and was originally built in 1974 and renovated in 2007. Anchored by a strong mix of national and regional tenants—including Froogel’s Cost + Foods, Dollar General, Circle K, Firestone, O’Reilly Auto Parts, Goodwill, and Renasant Bank—the center delivers stable cash flow and consistent daily traffic. Currently, 206,305 square feet is occupied, with 62,103 square feet of vacancy presenting a clear value-add opportunity, particularly as much of the available space is concentrated in two large units that can be efficiently leased. Additional upside exists through seven existing outparcels with repositioning potential, the ability to add new pad sites, and two development parcels totaling approximately 5.4 acres, supporting future expansion, redevelopment, or ground lease opportunities. Surrounded by key demand drivers such as Gulfport High School, Memorial Hospital, the Naval Construction Battalion Center, and the Air National Guard Base, the property benefits from strong demographics and a steady flow of traffic. Located in a growing coastal market supported by tourism, military, healthcare, shipbuilding, and aerospace industries, and complemented by nearby national retailers like McDonald’s, Sonic, Dollar Tree, Smoothie King, and Wendy’s, Hardy Court is well-positioned for long-term performance and continued leasing momentum.