Call for Offers 8/28/26 - Hardy Court Shopping Center

Call For Offers: August 28, 2026, 2pm CST. Submit all offers to Justin Langlois

Hardy Court Shopping Center is a 268,428 SF multi-tenant retail center on 35.591 acres in Gulfport, Mississippi, anchored by Goodwill, Froogel's Cost + Foods, Dollar General, Circle K, Firestone, and Renasant Bank. Diverse national and regional tenancy supports durable in-place cash flow, with upside through lease-up, outparcel repositioning, and two adjacent development parcels.

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 212,633 SF, with 55,795 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, coupled with the ability to add additional pad sites, offer flexibility to reconfigure tenants, capture market-rate ground leases, and create long-term value
• Two development parcels: Provide flexibility for new retail, restaurant, or medical development supporting both near-term and long-term value creation
• • ±2.4‑acre retail development site
  • ±3.0‑acre excess land parcel

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.

• Diverse National & Regional Tenant Mix including Froogel’s Cost + Foods, Dollar General, Circle K, Firestone, O’Reilly Auto Parts, Goodwill, and Renasant Bank.
• High‑Traffic Gulfport Retail Corridor positioned at the signalized intersection of Pass Rd & Courthouse Rd, one of the city’s most established commercial arteries.
• Strong In‑Place Cash Flow with long‑term tenancy from multiple credit and essential‑service retailers.
• Significant Leasing Upside with 55,795 SF of vacancy, largely concentrated in two large spaces—creating a clear, achievable value‑add path.
• 268,428 SF Center on 35.6 Acres offering scale, flexibility, and long‑term repositioning potential.
• Prime Surrounding Demand Drivers include Gulfport High School, Naval Construction Battalion Center, Memorial Hospital, and the Air National Guard Base.
• Stable Trade Area with strong daily traffic and complementary national retailers such as McDonald’s, Sonic, Dollar Tree, Smoothie King, and Wendy’s.
• Established Coastal Market with steady population growth and a diversified employment base supporting durable retail demand.