506 N Patterson St - Medical FOR SALE


Valdosta, GA 31601
$1,685,000 USD
813-210-7741
506 N Patterson St, Valdosta, GA for Sale
$1,685,000 USD
Medical - FOR SALE
1/5
null | 8.01% Cap Rate

506 N Patterson St
Valdosta, GA 31601


HIGHLIGHTS

  • Recently Extended Lease Term ? Five-Year Extension Commences June 2026
  • Strong Historical Occupancy ? Tenant has Occupied Location Since 2011
  • Two Five-Year Options to Renew ? Option Periods are at Fair Market Value
  • Located on Valdosta’s Primary City Thoroughfare ? Traffic Counts of 7,500+ VPD
  • Limited Landlord Responsibilities ? Additional Rental Income Collected Through CAM Reimbursements

OVERVIEW

This investment opportunity features a recently extended lease term, providing long-term income stability for the new owner. A five-year extension begins in June 2026, reinforcing the tenant’s commitment to the location. The property benefits from strong historical occupancy, with the tenant operating at this site since 2011, demonstrating consistent performance and reliability. The lease structure includes two additional five-year renewal options, both at fair market value, ensuring future flexibility and potential for continued tenancy. Investors will appreciate the limited landlord responsibilities, which help reduce operational oversight and enhance net returns. Additional rental income is generated through CAM reimbursements, further strengthening the property’s income profile. Positioned along Valdosta’s primary city thoroughfare, the property offers excellent visibility and accessibility, supported by traffic counts exceeding 7,500 vehicles per day. This high-traffic location contributes to sustained tenant success and long-term viability. With a proven tenant, extended lease term, and favorable lease provisions, this asset presents a secure and attractive investment in a well-established market.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

U.S. Renal Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C-C

APN/PARCEL ID

0118C-108

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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Christopher BiusoMarcus & MillichapMore Info
813-210-7741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.