Details

Family Dollar Property in Macon, GA

4925 Bloomfield Rd, Macon, GA

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hIGHLIGHTS

Size:12,000 SF

Price:$1,479,273.00

CAP RATE:7.15%

NOI:$105,768.00

PROPERTY
OVERVIEw

DETAILS

• 12,000 SF of total rentable space
• 1.987 Acre lot
• Building constructed in 2003
• 8,000 SF leased by Family Dollar
• Lease commencement date: 1/2003
• Lease expiration date: 6/30/2023
• Potential for % rent upside
• Two 5-year automatic options remaining, each with rent increase
• Below market rent
• Credit rated tenant

InCommercial Property Group is pleased to offer the opportunity to acquire a Family Dollar property in Macon, GA. The 12,000 SF building sits on 1.987 acres and is located on Bloomfield Rd. Priced at $1,479,273 with a 7.15% cap rate, the NN lease runs through June 30, 2023. Family Dollar leases 8,000 SF and an additional 4,000 SF is leased by three smaller co-tenants that have expressed interest in extending their lease terms. Current lease terms provide flexibility and potential upside to a prospective buyer. Family Dollar was acquired by Dollar Tree in 2015 and is now considered to be one of the nation’s largest small-box discount retailers. Operating over 15,000 stores in approx. 48 states the Fortune 200 company has a ± $18 Billion market cap. The Company currently holds an S&P credit rating of BBB- (Investment Grade Credit).

Location

Contact

Michael Mintz

Vice President, Brokerage

(847) 648-1717

MMintz@InCommercialRE.com