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Shopping Neighborhood

Azalea Drive Shopping Plaza

23 Azalea Dr, Crawfordville, FL 32327

Listing Price: $1,975,000

Cap Rate
4.46%
Gross SF
13,000
Rentable SF
13,000
Price/Gross SF
$151.92
Lot Size
2.06 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Azalea Drive Shopping Center, a 13,000
square foot retail strip center built in 2007.

This asset consists of two buildings and boasts a diverse tenant profile. Offered well below construction cost, the property provides multiple avenues for immediate income enhancement. With 4,000 square feet of vacant space, future owners can lease it at market rates.

Additionally, several short-term tenants are currently paying 20-50% below market rent.

Investment Highlights

  • 4,000 Square Feet of Vacant 2nd Gen Restaurant Available for Lease or for Owner User
  • 13,000 Square Foot Retail Strip Center, Constructed in 2007
  • Diverse Tenant Mix Across two Buildings
  • Priced Well Below Construction Cost With Potential for Immediate Income Growth
  • Several Short-Term or MTM Tenants Paying 20-50% Below Market Rents, Providing Room for Rent Increases.

Exclusively Listed By

Financing By

Shopping Neighborhood

Azalea Drive Shopping Plaza

Listing Price: $1,975,000

Cap Rate
4.46%
Gross SF
13,000
Rentable SF
13,000
Price/Gross SF
$151.92
Lot Size
2.06 acres
Year Built
2007

Investment Highlights

  • 4,000 Square Feet of Vacant 2nd Gen Restaurant Available for Lease or for Owner User
  • 13,000 Square Foot Retail Strip Center, Constructed in 2007
  • Diverse Tenant Mix Across two Buildings
  • Priced Well Below Construction Cost With Potential for Immediate Income Growth
  • Several Short-Term or MTM Tenants Paying 20-50% Below Market Rents, Providing Room for Rent Increases.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Azalea Drive Shopping Center, a 13,000 square foot retail strip center built in 2007. This asset consists of two buildings and boasts a diverse tenant profile. Offered well below construction cost, the property provides multiple avenues for immediate income enhancement. With 4,000 square feet of vacant space, future owners can lease it at market rates. Additionally, several short-term tenants are currently paying 20-50% below market rent.

Exclusively Listed By

Financing By

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