Investment Overview

Marcus & Millichap is pleased to present a two-tenant retail center anchored by McDonald's at 14951 US-45 in Macon, Mississippi. The ±6,630-square-foot property, built in 2011, sits on ±1.50 acres and is offered at $850,000, a 7.40% cap rate on $62,910 in NOI. McDonald's has operated at the site since approximately 2011. It occupies ±4,433 square feet (±67%) under a corporate-guaranteed modified gross lease paying $72,000 a year, with ±4 years left through January 2031. The lease also carries eight (8) five-year options with 5% rent increases every five years. The remaining ±2,197-square-foot suite will be covered by a one-year, seller-guaranteed gross lease at $25,000 per year, to commence at close of escrow. The property fronts US Highway 45 (±10,750 VPD), the primary north-south corridor linking Macon with Columbus and Meridian, near the Macon Bypass and State Route 14. Immediate neighbors include KFC, Subway, AutoZone, and Exxon, and MDOT recently completed a $9.5 million resurfacing of US 45 along the frontage. The site draws from the Columbus MSA in Mississippi's Golden Triangle, home to Steel Dynamics, PACCAR, Airbus Helicopters, and Columbus Air Force Base. McDonald's (NYSE: MCD) operates 45,000+ restaurants worldwide, pairing a globally recognized brand with an accessible entry price.