Shopping Strip
Macon Plaza
1640 Eisenhower Pkwy, Macon, GA 31206
Listing Price: $5,540,000
Investment Overview
MACON PLAZA
• Macon Plaza is a 114,982 square foot retail center located in Macon, GA
• The property is 82% leased and includes strong national brands such as Dollar Tree, Home Outlet, It’s Fashion Metro (CATO), and more
• 62% of Macon Plaza’s tenant lineup is national tenants
• Immediate & long term value-add opportunity for investor
• Strong Positioning within market
• Leasing Momentum | Seller recently executed lease assignment for SuperValu from former Save-A-Lot
VALUE-ADD OP PORTUNITY
• Vacancy | IThe property currently has 3 vacant units (20,782 Square Feet). Leasing these spaces could potentially increase NOI by $130K
• Outparcel | Free standing two tenant outparcel included in the sale
• Outparcel | 2 different vacant pads included in sale for potential development
• Low Rents | Current average rental rates in the shopping center are $6.15
HIGH TRAFFIC INTERSTATE LOCATION
• Macon Plaza is located just off I-75 (70,500 VPD) on Eisenhower Parkway
• I-75 is the major interstate that leads through the city of Macon and up to Atlanta
• The shopping center is positioned at a signalized intersection on Eisenhower Parkway with excellent visibibility and frontage
• 4 points of Ingress and Egress
POSITIONED NEAR TWO UNIVERSITIES
• Macon Plaza is directly adjacent to Mercer University
• With 9,000+ total students, Mercer University is widely considered one of the most prestigious private universities in the state of Georgia
• American Supermarket is the closest national grocer to the campus
• 4 miles from Macon Plaza is Middle Georgia State University with 7,500 total students
STRONG TENANT MIX
Barton’s Home Outlet
• 110 Locations nation wide
• This location broke company record for sales in year 1
• Has beaten yearly forecasted sales over the last 3 Years
Youth Dentistry of Macon
• Guarantor is Benevis | 120+ Locations
• In 2020, Benevis was acquired by New Mountain Capital (Click to View Article)
• New Mountain Capital manages private equity, public equity, credit, and net lease capital with aggregate assets under management totaling more than $25 billion and annual revenue of $5.2 billion
Dollar Tree
• Has been here for 18 years and has renewed each option
• Store ranks in the top 35% in the state of Georgia
• Top 2 location in a 30-mile radius (12 total locations)
SuperValu
• Seller recently assigned lease from Save-A-Lot to SuperValue
• SuperValu is a national wholesaler and retailer
• Previous store was doing $6m+ in sales
Dollar Tree
• Has been here for 18 years and has renewed each option
• Store ranks in the top 35% in the state of Georgia
• Top 2 location in a 30-mile radius (12 total locations)
American Supermarket
• Seller recently assigned lease from Save-A-Lot to American Supermarket
• American Supermarket is a private grocer with multiple locations
• Previous store was doing $6m+ in sales
Investment Highlights
- Value-Add Vacancy & Potential Outparcel
- 62% National Tenants
- Grocery Anchored
- Strong Store Sales
- High Traffic Interstate Location
- Neighbors Two Universities
Exclusively Listed By
Financing By
Listing Price: $5,540,000
Investment Highlights
- Value-Add Vacancy & Potential Outparcel
- 62% National Tenants
- Grocery Anchored
- Strong Store Sales
- High Traffic Interstate Location
- Neighbors Two Universities
Investment Overview
MACON PLAZA • Macon Plaza is a 114,982 square foot retail center located in Macon, GA • The property is 82% leased and includes strong national brands such as Dollar Tree, Home Outlet, It’s Fashion Metro (CATO), and more • 62% of Macon Plaza’s tenant lineup is national tenants • Immediate & long term value-add opportunity for investor • Strong Positioning within market • Leasing Momentum | Seller recently executed lease assignment for SuperValu from former Save-A-Lot VALUE-ADD OP PORTUNITY • Vacancy | IThe property currently has 3 vacant units (20,782 Square Feet). Leasing these spaces could potentially increase NOI by $130K • Outparcel | Free standing two tenant outparcel included in the sale • Outparcel | 2 different vacant pads included in sale for potential development • Low Rents | Current average rental rates in the shopping center are $6.15 HIGH TRAFFIC INTERSTATE LOCATION • Macon Plaza is located just off I-75 (70,500 VPD) on Eisenhower Parkway • I-75 is the major interstate that leads through the city of Macon and up to Atlanta • The shopping center is positioned at a signalized intersection on Eisenhower Parkway with excellent visibibility and frontage • 4 points of Ingress and Egress POSITIONED NEAR TWO UNIVERSITIES • Macon Plaza is directly adjacent to Mercer University • With 9,000+ total students, Mercer University is widely considered one of the most prestigious private universities in the state of Georgia • American Supermarket is the closest national grocer to the campus • 4 miles from Macon Plaza is Middle Georgia State University with 7,500 total students STRONG TENANT MIX Barton’s Home Outlet • 110 Locations nation wide • This location broke company record for sales in year 1 • Has beaten yearly forecasted sales over the last 3 Years Youth Dentistry of Macon • Guarantor is Benevis | 120+ Locations • In 2020, Benevis was acquired by New Mountain Capital (Click to View Article) • New Mountain Capital manages private equity, public equity, credit, and net lease capital with aggregate assets under management totaling more than $25 billion and annual revenue of $5.2 billion Dollar Tree • Has been here for 18 years and has renewed each option • Store ranks in the top 35% in the state of Georgia • Top 2 location in a 30-mile radius (12 total locations) SuperValu • Seller recently assigned lease from Save-A-Lot to SuperValue • SuperValu is a national wholesaler and retailer • Previous store was doing $6m+ in sales Dollar Tree • Has been here for 18 years and has renewed each option • Store ranks in the top 35% in the state of Georgia • Top 2 location in a 30-mile radius (12 total locations) American Supermarket • Seller recently assigned lease from Save-A-Lot to American Supermarket • American Supermarket is a private grocer with multiple locations • Previous store was doing $6m+ in sales
Exclusively Listed By
Financing By

