The Forts Shopping Center a Hobby Lobby Anchored Center

73 Parkway Drive, Fort Oglethorpe, GA

$2,000,000

Price

6.25%

Cap Rate

$142,200

NOI

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Street
Map
Overview
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
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 .

Highlights
  • Stand Alone
  • Fully Leased
  • Average Daily Traffic Count 31,000
  • Marquee Signage
Documents
Location
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