3406 N Valdosta Rd Valdosta, GA 31602

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Matthew Mousavi · License #CA 01732226

Source Crexi

Added: Apr 12 Updated: Jul 20 at 10:18PM Checked: Jul 20 at 10:18PM

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Investment Insights

Based on property information with market context.

This freestanding, absolute NNN retail property is offered with fee simple land and building ownership. The asset is leased to Badcock Home Furniture under a brand new 15-year lease featuring four (4) five-year options to extend. Rental payments include 2% annual increases starting in year 3 and continuing through the option periods. The absolute NNN structure is described as having zero landlord responsibilities.

The property is located along Valdosta Road, which averages 34,700 vehicles passing by daily and is identified as a major retail thoroughfare serving Valdosta. It is less than a mile northeast of Bakersmith Corners Shopping Center, a 117,000-square-foot shopping mall with major tenants including Winn Dixie and Planet Fitness, and just west of Perimeter Park, a 52,000-square-foot shopping center anchored by Publix. Nearby national or credit tenants referenced include Walmart Supercenter, Big Lots!, Walgreens, Harbor Freight Tools, and Hibbett Sports. The area also includes nearby multi-family properties such as Three Oaks Apartments (240 units) and Staten Crossing (144 units).

Key Highlights

• Fee simple (land & building) sale of a freestanding retail property leased to Badcock Home Furniture.
• New 15‑year lease with 4 renewal options (4th option includes 5‑year term).
• Absolute NNN lease with zero landlord responsibilities.

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FAQs

What type of property is this?

NNN property - Absolute NNN freestanding retail building leased to Badcock Home Furniture under a new 15-year agreement with renewal options.

Where is this nnn property located?

The property is located at 3406 N Valdosta Rd Valdosta, GA.

What are key features of this property?

This property features: Fee simple (land & building) sale of a freestanding retail property leased to Badcock Home Furniture.; New 15‑year lease with 4 renewal options (4th option includes 5‑year term).; Absolute NNN lease with zero landlord responsibilities.