Details

Family Dollar in Macon, GA

3656 Jeffersonville Rd, Macon, GA

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hIGHLIGHTS

Size:8,000 SF

Price:$1,070,769.00

CAP RATE:7.15%

NOI:$76,560.00

PROPERTY
OVERVIEw

DETAILS

• 8,000 SF of rentable space
• 0.853 Acre lot
• Building constructed in 2004
• Located on hard corner and signalized intersection
• Lease commencement date: 3/2004
• Lease expiration date: 12/31/2024
• Potential for % rent upside
• Two 5-year automatic options remaining, each with rent increase
• Below market rent
• Fully upgraded H2 store
• Credit rated tenant

InCommercial Property Group is pleased to offer the opportunity to acquire a Family Dollar in Macon, GA. The 8,000 SF single tenant building sits on 0.853 acres and is located at the northwest corner and signalized intersection of Jeffersonville and Hitchcock Roads. Priced at $1,070,769 with a 7.15% cap rate, the NN lease runs through Dec. 31, 2024. 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