The Forts Shopping Center a Hobby Lobby Anchored Center
$2,000,000
73 Parkway Drive, Fort Oglethorpe, GA 30742
6.25
Cap Rate
142,200
NOI
Details:
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 .
Documents:
| Title | ||
|---|---|---|
| 2616 Battlefield Flyer |
Location
Gallery
