Shopping Regional
Promenade Plaza
1705 Norman Dr, Valdosta, GA 31601
Listing Price: $5,695,000
Cap Rate
8.40%
Gross SF
59,575
Rentable SF
59,575
Price/Gross SF
$95.59
Lot Size
4.85 acres
Year Built
1982
Investment Overview
Marcus & Millichap is proud to present for sale the fee simple interest in Promenade Plaza, a 59.575 square-foot shopping center in Valdosta, GA. All three tenants have occupied the property for 15 years or longer and are paying below market rent.
Investment Highlights
- LONG TERM, PROVEN TENANCY - EACH OF THE TENANTS HAVE BEEN IN OCCUPANCY FOR 15+ YEARS
- ALL TENANTS ARE PAYING BELOW MARKET RENTALS RATES
- LOW MANAGEMENT INVESTMENT - THREE NATIONAL TENANTS WITH LONG LEASE TERMS REMAINING
Exclusively Listed By
Broker of Record
Listing Price: $5,695,000
Cap Rate
8.40%
Gross SF
59,575
Rentable SF
59,575
Price/Gross SF
$95.59
Lot Size
4.85 acres
Year Built
1982
Investment Highlights
- LONG TERM, PROVEN TENANCY - EACH OF THE TENANTS HAVE BEEN IN OCCUPANCY FOR 15+ YEARS
- ALL TENANTS ARE PAYING BELOW MARKET RENTALS RATES
- LOW MANAGEMENT INVESTMENT - THREE NATIONAL TENANTS WITH LONG LEASE TERMS REMAINING
Investment Overview
Marcus & Millichap is proud to present for sale the fee simple interest in Promenade Plaza, a 59.575 square-foot shopping center in Valdosta, GA. All three tenants have occupied the property for 15 years or longer and are paying below market rent.