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Shopping Strip

Stonegate

163 SW Stonegate Terrace, Lake City, FL 32024

Listing Price: $3,100,000

Cap Rate
8.01%
Gross SF
15,606
Rentable SF
15,606
Price/Gross SF
$198.64
Lot Size
2.70 acres
Year Built
2006

Investment Overview

Stonegate Terrace (the property) is an impeccably maintained Professional Center in Lake City Florida. The property contains 15,606 square feet of leasable area, comprised of two symmetrical in-line strip centers on a 2.7 acre lot. The Center has outstanding visibility and access, offering 442 of frontage along Highway 90, featuring a traffic count of 42,000 vehicles per day(VPD). Lake City, county seat for Columbia County, is the commercial hub for the entire county providing needed resources for the residents within a 30 mile radius. With a diverse tenant mix and a premiere location, this highly trafficked grocery anchored strip center delivers secure cash flow and substantial growth
opportunities through upgrading leases to NNN and market growth.

Investment Highlights

  • 15,606 Square Feet of Retail or Office Space
  • 2006 Vintage featuring Concrete Block Construction & Metal Roof
  • Only Medical Marijuana Center in Market
  • 42,000 VPD
  • 433 Feet of Frontage to Major Thoroughfare Connecting to Interstate 75
  • Property Kept in Immaculate Condition

Exclusively Listed By

Financing By

Listing Price: $3,100,000

Cap Rate
8.01%
Gross SF
15,606
Rentable SF
15,606
Price/Gross SF
$198.64
Lot Size
2.70 acres
Year Built
2006

Investment Highlights

  • 15,606 Square Feet of Retail or Office Space
  • 2006 Vintage featuring Concrete Block Construction & Metal Roof
  • Only Medical Marijuana Center in Market
  • 42,000 VPD
  • 433 Feet of Frontage to Major Thoroughfare Connecting to Interstate 75
  • Property Kept in Immaculate Condition

Investment Overview

Stonegate Terrace (the property) is an impeccably maintained Professional Center in Lake City Florida. The property contains 15,606 square feet of leasable area, comprised of two symmetrical in-line strip centers on a 2.7 acre lot. The Center has outstanding visibility and access, offering 442 of frontage along Highway 90, featuring a traffic count of 42,000 vehicles per day(VPD). Lake City, county seat for Columbia County, is the commercial hub for the entire county providing needed resources for the residents within a 30 mile radius. With a diverse tenant mix and a premiere location, this highly trafficked grocery anchored strip center delivers secure cash flow and substantial growth
opportunities through upgrading leases to NNN and market growth.

Exclusively Listed By

Financing By

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