Description

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.