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Fort Valley Shopping Center 2285 US Highway 341 71,887 SF 100% Leased Retail Building Fort Valley, GA 31030 $4,631,000 ($64.42/SF)
Investment Highlights
- Long term anchor tenancy by Food Depot for more than 20 years has been a steady driver of traffic to the center.
- Recent significant capital improvements include $74,000 painting the front of the center and all stucco and $213,000+ in roof work.
- Located approximately 1 hour and 45-minute drive from Atlanta.
- Upside opportunity through the development of an outpad in front of the center.
- Roses recently extended their lease thru Feb 2033 bringing stability to the center.
Executive Summary
? Long term anchor tenancy by Food Depot for more than 20 years has been a steady driver of traffic to the center
? Upside opportunity through the development of an outpad in front of the center
? Significant capital improvements made recently to the center include $74,000 painting the front of the center and all stucco and $213,000+ in roof work
? Roses recently extended their lease thru Feb 2033 bringing stability to the center
? Located approximately 1 hour and 45-minute drive from Atlanta
? Upside opportunity through the development of an outpad in front of the center
? Significant capital improvements made recently to the center include $74,000 painting the front of the center and all stucco and $213,000+ in roof work
? Roses recently extended their lease thru Feb 2033 bringing stability to the center
? Located approximately 1 hour and 45-minute drive from Atlanta
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
71,887 SF
Building Class
B
Year Built
1973
Price
$4,631,000
Price Per SF
$64.42
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
8.30 AC
Zoning
C2 - Commercial
Parking
375 Spaces (4.41 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | F06A-005 | Improvements Assessment | $1,425,640 |
| Land Assessment | $74,160 | Total Assessment | $1,499,800 |
Property Taxes
Parcel Number
F06A-005
Land Assessment
$74,160
Improvements Assessment
$1,425,640
Total Assessment
$1,499,800
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Fort Valley Shopping Center | 2285 US Highway 341
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