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The Forts Shopping Center a Hobby Lobby Anchored Center

$2,000,000

73 Parkway Drive, Fort Oglethorpe, GA 30742

Active
Last Updated: 06/27/2023

6.25

Cap Rate

142,200

NOI

Details:
Cap Rate:    6.25%
NOI:    $142,200
Building Size:    4,200 sqft
Lot Area:    0.7 acres
Occupancy:    100%
Units:    2
Year Built:    2016
Floors:    1
Highlights:
  • Stand Alone
  • Fully Leased
  • Average Daily Traffic Count 31,000
  • Marquee Signage
Description:

Asna Baig with SVN Creviston Realty, Inc. is pleased to present 73 Parkway Drive for sale. This property was constructed in 2016, the center features a contemporary design, 2 Retail Bays, located on a major retail corridor, and at the entrance of Parkway Plaza Shopping Center. Both Tenants have long term lease, Moe's has 5 years remaining with the option for 3, consecutive 5-year renewals. Supercuts has 2 years remaining with 2, consecutive 5-year renewals. Major anchors in the Forts are Hobby Lobby, Walmart, Ross and Marshals. Property is an ideal income producing investment.

Ft. Ogelthorpe is just 9 miles from Chattanooga and is located east of I-75. Retail and commercial activity in Fort Ogelthorpe is predominantly concentrated along Battlefield Parkway, where the subject property is located. More than 90,000 people live within a 5 mile radius with an average income of nearly $60,000 .

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Documents:
Title
2616 Battlefield Flyer
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Today's Available Mortgage Rates

73 Parkway Drive, Fort Oglethorpe, Georgia 30742

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/13/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$9,371 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 73% LTV $0 Lender fees
Loan Amount $1,460,000 Loan Amount
Details
BankLender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$9,720 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $1,500,000 Loan Amount
Details
BankLender #1459
10 Year Fixed
25 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$9,720 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 75% LTV $0 Lender fees
Loan Amount $1,500,000 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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