- For Sale $2,000,000
- Property Type Retail
- Property Size 8,640 SF
- Lot Size 2 Acre
- Year Built 2014
- Date Updated Jan 23, 2025
Description
Long Term Lease – Flowers Foods has roughly 6 years remaining on their original 15 year lease, allowing for a long term investment
Minimal Landlord Obligations – The tenant in on an modified NNN lease, with limited landlord responsibilities
Option to Extend Lease – Flowers Foods has One, 5-year options to extend the lease
College Town – Valdosta State University, which has more than 12,000 students, is located less than 2 miles from the subject property
Dense Population – The 5 mile population is more than 75,000 people
Growing Market – The population is projected to grow by 2% in the next 5 years
Heavily Trafficked Area – The Property is located on Bemiss road, which is a 5 lane highway and sees over23,000 VPD.
Corporate Guaranty – Flowers Foods currently operates 46 locations across the company and is the 2nd largest distributor of packaged bakery foods across the United States.
Huge Revenue – In 2022, Flowers Foods did $4.8B in sales
Q2 2023 Revenue Growth – Flowers Foods saw an 8.8% growth in revenue in Q2 2023
Investment Grade Credit – The tenant has an investment grade credit rating of BBB, per Standard and Poor
False
Contacts
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services