Share This Listing

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

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

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,122 SF
Building Class
B
Year Built/Renovated
1984/2011
Price
$2,306,310 CAD
Price Per SF
$376.72 CAD
Cap Rate
8.01%
NOI
$184,735 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,122 SF
Slab To Slab
9’
Building FAR
0.31
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
C-C
Parking
27 Spaces (4.41 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
0118C-108
Land Assessment
$101,620 CAD
Improvements Assessment
$422,410 CAD
Total Assessment
$524,029 CAD
  • Listing ID: 39179353

  • Date on Market: 2026-01-22

  • Last Updated:

  • Address: 506 N Patterson St, Valdosta, GA 31601

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}