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4944 Malloy PlazaMarianna, FL 32448
Beef 'O' Brady's Plaza
Asset ClassRetail
Cap Rate6.75%
Rentable SF: 7,040Year Built: 2009Access Data Room
#1 Performing Beef 'O' Brady's in FL | Value Add Retail
overview of deal

Overview

Franklin Street is pleased to present the opportunity to acquire 4944 Malloy Plaza East, a 7,040 SF multi-tenant retail property located in Marianna, Florida. The property sits on 1.68 acres with strong visibility along Highway 71 (18,000+ VPD) and immediate access to Interstate 10, providing excellent exposure and regional connectivity.

 

The center is anchored by Beef ‘O’ Brady’s, a long-standing tenant that recently exercised a lease renewal, providing extended term and stable cash flow. According to Placer.ai, this location is ranked #1 in the state of Florida and #2 nationally within the Beef ‘O’ Brady’s system, underscoring strong store-level performance and traffic. Vapor Tech occupies the remaining space on a short term Triple Net lease paying well below market rent, allowing significant upside by raising the rent to current market rates.

 

The site also offers additional density potential, with the ability to construct approximately 1,000-1,200 SF of additional retail space integrated into the existing building footprint. Surrounded by national retailers including Walmart, Lowe’s, Dollar Tree, Dunkin’, Wendy’s, and Burger King, the property presents a compelling combination of current income, embedded upside, and long-term growth potential.

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Investment Highlights

  • Anchored by top-performing tenant - Beef ‘O’ Brady’s recently renewed - Ranked #1 in Florida and #2 nationally per Placer.ai - 15+ years of operating history at the location
  • Value-add upside via Vapor Tech - Short term Triple Net Lease - Rents are well below market - Immediate mark-to-market opportunity
  • Flexible space configuration - Vapor Tech suite can be subdivided into two retail units - Increased leasing flexibility and income potential
  • Future expansion opportunity - Ability to add approximately 1,000-1,200 SF of additional retail space - Supported by large site size and ample parking
  • Prime retail location - Frontage on Highway 71 with approximately 18,000 VPD - Direct access to Interstate 10 - Close proximity to Walmart, Lowe’s, Dollar Tree, Dunkin’, Wendy’s, Burger King, and other national users
  • Attractive basis - Priced below replacement cost - Well-maintained 2009 construction on 1.68 acres
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4944 Malloy PlazaMarianna, FL 32448

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