Details

NN Family Dollar in Macon, GA

2123 Pio Nono Ave, Macon, GA

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hIGHLIGHTS

Size:8,000 SF

Price:$1,137,231.00

CAP RATE:7.15%

NOI:$81,312.00

PROPERTY
OVERVIEw

DETAILS

• 8,000 SF of rentable space
• 1.12 Acre lot
• Building constructed in 2002
• Lease commencement date: 6/2002
• Lease expiration date: 12/31/2022
• Potential for % rent upside
• Two 5-year automatic options remaining, each with rent increase
• 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 1.12 acres and is located on Pio Nono Ave. Priced at $1,137,231 with a 7.15% cap rate, the NN lease runs through Dec. 31, 2022. The site conveniently sits along a busy retail corridor with great visibility, access, and plenty of surface parking spaces. 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