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Single-Tenant Industrial

Tifton Light Industrial Warehouse

109 Magnolia Dr, Tifton, GA 31794

Listing Price: $399,000

Cap Rate
7.52%
Gross SF
6,000
Price/Gross SF
$66.50
Lot Size
0.92 acres
Year Built
1993
Rentable SF
6,000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a light industrial warehouse located in Tifton, Georgia. The property consists of a 6,000 +/- square foot structure situated on approximately 0.92 Acres. Originally constructed in 1993, the building contains 7 roll up doors at dock level with 1 truck well/loading dock.

Crumley & Burks Plumbing recently executed a new 5 year lease term at the site location, commencing August 1st, 2024. They have One (1) - 5 year option for renewal with 3% annual escalations in the base term on a NN Lease.

The property also contains an onsite income producing billboard with Lamar Advertising Company, one of the largest outdoor advertising company in the United States. Lamar leases the signage space contributing $1,500 annually in Net Operating Income.

Positioned less than a half mile to US Highway 82 and Interstate 75 as well as proximity to Henry Tift Myers Airport, the property is suited to reach maximum exposure to those traveling throughout Tifton’s Metro and South Georgia. National Tenants surrounding the site location include Big Lots, Dollar Tree, Tractor Supply Co, Harbor Freight, Staples and Advance Auto Parts

Investment Highlights

  • 6,000 square feet light industrial building situated on 0.92 acres.
  • Ideally located near US Highway 82 and Interstate 75.
  • Brand New 5 Year Lease in place with Rumley & Burks Plumbing with 3% Annual Escalations.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Single-Tenant Industrial

Tifton Light Industrial Warehouse

Listing Price: $399,000

Cap Rate
7.52%
Gross SF
6,000
Price/Gross SF
$66.50
Lot Size
0.92 acres
Year Built
1993
Rentable SF
6,000

Investment Highlights

  • 6,000 square feet light industrial building situated on 0.92 acres.
  • Ideally located near US Highway 82 and Interstate 75.
  • Brand New 5 Year Lease in place with Rumley & Burks Plumbing with 3% Annual Escalations.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a light industrial warehouse located in Tifton, Georgia. The property consists of a 6,000 +/- square foot structure situated on approximately 0.92 Acres. Originally constructed in 1993, the building contains 7 roll up doors at dock level with 1 truck well/loading dock. Crumley & Burks Plumbing recently executed a new 5 year lease term at the site location, commencing August 1st, 2024. They have One (1) - 5 year option for renewal with 3% annual escalations in the base term on a NN Lease. The property also contains an onsite income producing billboard with Lamar Advertising Company, one of the largest outdoor advertising company in the United States. Lamar leases the signage space contributing $1,500 annually in Net Operating Income. Positioned less than a half mile to US Highway 82 and Interstate 75 as well as proximity to Henry Tift Myers Airport, the property is suited to reach maximum exposure to those traveling throughout Tifton’s Metro and South Georgia. National Tenants surrounding the site location include Big Lots, Dollar Tree, Tractor Supply Co, Harbor Freight, Staples and Advance Auto Parts

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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