Shopping Community
Crossroads Shopping Center
2800 FL-71, Marianna, FL 32448
Listing Price: $4,950,000
Cap Rate
7.32%
Gross SF
94,102
Rentable SF
94,102
Price/Gross SF
$52.60
Lot Size
8.25 acres
Year Built
1989
Investment Overview
Marcus & Millichap is pleased to bring to market Crossroads Shopping Center, located in Mariana, FL.
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 and Taxes | Rent Increases During Current Lease Term: Tractor Supply 10% Increase in 2024 | Planet Fitness 10% Increase in 2025
- As of September 2022, The Current Weighted Average Lease Term is Over Four Years | 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)
- 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
Exclusively Listed By
Listing Price: $4,950,000
Cap Rate
7.32%
Gross SF
94,102
Rentable SF
94,102
Price/Gross SF
$52.60
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 and Taxes | Rent Increases During Current Lease Term: Tractor Supply 10% Increase in 2024 | Planet Fitness 10% Increase in 2025
- As of September 2022, The Current Weighted Average Lease Term is Over Four Years | 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)
- 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
Investment Overview
Marcus & Millichap is pleased to bring to market Crossroads Shopping Center, located in Mariana, FL.
Exclusively Listed By
