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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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Shopping Regional

Promenade Plaza

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.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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