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Note
1502 Rocky Creek Rd, Macon, GA 31206, USA
Listing was updated at: 11/14/2018
Property Overview
Price/Rent PSF $ 1,300,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 43,810
Date Available 11/14/2018
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Description

Location
Macon has a new Amazon facility bringing lots of jobs to the area. This is a B location but the area is steadily improving. Intersection of Pio Nono Avenue and Rocky Creek Road; heavily developed commercial area off Interstate 75.

Sale
This retail investment features 43,810 total SF consisting of three single story glass storefront buildings. Building one consists of 25,660, building two has 15,750 SF. Building three has 2,400 SF with a 1,200 SF restaurant space including a drive thru. All spaces divisible into many different configuration ranging from 1,200 SF to as large as any of the individual building sizes. Dollar Tree is the main anchor tenant. Strong location for users high traffic count over 17k cars per day. Neighboring tenants include Piggly Wiggly, McDonald’s, Raffield Tire Master, Family Dollar, Title Max, Subway, KFC, Arby’s, Waffle House, Roses Department Store, Dollar General, Bank of America, State Bank, Dairy Queen, SunTrust Bank, USPS South Macon Station. Some tenants are paying CAM, taxes and insurance. Others are just paying a water fee. There is a mixture of this amongst the units see P&L for details. Site has all public utilities and is brick construction. Units have central HVAC and roof is a flat built up construction. Tons of upside and value add potential with rent growth. Rates have been low to fill center. Once center is full the focus will move to increasing rental rates over time up to market rates around $8.00-$10.00 per SF/Year.

Location

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