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Shopping Community

Crossroads Shopping Center

2800 FL-71, Marianna, FL 32448

Listing Price: $5,070,000

Cap Rate
6.94%
Gross SF
94,102
Rentable SF
94,102
Price/Gross SF
$53.88
Lot Size
8.25 acres
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to bring to market the Crossroads Shopping Center.

Investment Highlights

  • 76% Occupied Shopping Center with National Credit Tenants: Tractor Supply, Planet Fitness, and Goodwill Industries
  • Top Performing Tractor Supply | Placer Ranked 71 out of 1,833 National Locations in Terms of Site Visits | More Visits than 96% of all National Locations
  • All Tenants are Subject to Triple Net Leases, Reimbursing CAM, Insurance, Taxes, and Management | As of July 2022, The Current Weighted Average Lease Term is Over Four Years
  • Rent Increases During Current Lease Term: Tractor Supply 10% Increase in 2024 | Planet Fitness 10% Increase in 2025 | Goodwill 2.5% Annual Increases
  • Situated in a Dense Retail and Residential Corridor Surrounded by Multiple National Tenants such as Walmart, Publix, Walgreens, McDonald's, CVS, Wendy's and More
  • Parking Lot Overlay in 2021 | New HVAC Units for Planet Fitness in 2018
  • Value-Add Upon Lease-up: 22,816 Square Feet of Vacancy | Below Market Rent - $4.14 per SF is the Average Base Rent at the Subject Property
  • Strong Visibility Along US-90 and FL-71 With High Traffic Counts (33,000+ Combined Vehicles Per Day)

Exclusively Listed By

Shopping Community

Crossroads Shopping Center

Listing Price: $5,070,000

Cap Rate
6.94%
Gross SF
94,102
Rentable SF
94,102
Price/Gross SF
$53.88
Lot Size
8.25 acres
Year Built
1989

Investment Highlights

  • 76% Occupied Shopping Center with National Credit Tenants: Tractor Supply, Planet Fitness, and Goodwill Industries
  • Top Performing Tractor Supply | Placer Ranked 71 out of 1,833 National Locations in Terms of Site Visits | More Visits than 96% of all National Locations
  • All Tenants are Subject to Triple Net Leases, Reimbursing CAM, Insurance, Taxes, and Management | As of July 2022, The Current Weighted Average Lease Term is Over Four Years
  • Rent Increases During Current Lease Term: Tractor Supply 10% Increase in 2024 | Planet Fitness 10% Increase in 2025 | Goodwill 2.5% Annual Increases
  • Situated in a Dense Retail and Residential Corridor Surrounded by Multiple National Tenants such as Walmart, Publix, Walgreens, McDonald's, CVS, Wendy's and More
  • Parking Lot Overlay in 2021 | New HVAC Units for Planet Fitness in 2018
  • Value-Add Upon Lease-up: 22,816 Square Feet of Vacancy | Below Market Rent - $4.14 per SF is the Average Base Rent at the Subject Property
  • Strong Visibility Along US-90 and FL-71 With High Traffic Counts (33,000+ Combined Vehicles Per Day)

Investment Overview

Marcus & Millichap is pleased to bring to market the Crossroads Shopping Center.

Exclusively Listed By

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