Shopping Strip

Home Depot Retail Outparcel | 100% Leased

4590 Billy Williamson Dr, Macon, GA 31206

Listing Price: $2,240,000

Cap Rate
9.27%
Gross SF
7,417
Rentable SF
7,417
Price/Gross SF
$302.01
Lot Size
1.33 acres
Year Built
2006

Investment Overview

The subject property is a 7,417+/- square foot retail strip center, in Macon, GA within the 700,000+ square foot Eisenhower Crossing retail power center. Eisenhower Crossing boasts anchor tenants such as Home Depot, Kroger, Best Buy, Marshall's, Ross, Bed Bathy & Beyond, ALDI and more. This property benefits from the 96,000+ residents in a 5-mile radius, and being located just off of I-475 which boasts an average daily traffic count of over 60,000 cars per day. In addition, Highway 80 (Eisenhower Parkway) reports daily traffic counts of over 18,000.

Currently 100% leased to Verizon Wireless, Papa John's and Macon Vape and More. Papa John's lease boasts annual rental increases throughout the entire lease term, including options. Verizon's lease calls for 10% rental increases every 5 years. Macon Vape and More offers rental increases every year.

Investment Highlights

  • 100% Leased Retail Center
  • Long Term Tenant History For Verizon and Papa Johns
  • Outparcel to Home Depot | 1.33+/- Acre Lot
  • Part of Eisenhower Crossing | 700,000+ SF Power Center
  • Surrounded by Kroger, Best Buy, Ross, Marshall's, ALDI, Michael's
  • 60,000+ ADT on I-475 | 18,000+ ADT on Eisenhower Parkway
  • Strong Demographics | 5-Mile Population of 96,000+

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Shopping Strip

Home Depot Retail Outparcel | 100% Leased

Listing Price: $2,240,000

Cap Rate
9.27%
Gross SF
7,417
Rentable SF
7,417
Price/Gross SF
$302.01
Lot Size
1.33 acres
Year Built
2006

Investment Highlights

  • 100% Leased Retail Center
  • Long Term Tenant History For Verizon and Papa Johns
  • Outparcel to Home Depot | 1.33+/- Acre Lot
  • Part of Eisenhower Crossing | 700,000+ SF Power Center
  • Surrounded by Kroger, Best Buy, Ross, Marshall's, ALDI, Michael's
  • 60,000+ ADT on I-475 | 18,000+ ADT on Eisenhower Parkway
  • Strong Demographics | 5-Mile Population of 96,000+

Investment Overview

The subject property is a 7,417+/- square foot retail strip center, in Macon, GA within the 700,000+ square foot Eisenhower Crossing retail power center. Eisenhower Crossing boasts anchor tenants such as Home Depot, Kroger, Best Buy, Marshall's, Ross, Bed Bathy & Beyond, ALDI and more. This property benefits from the 96,000+ residents in a 5-mile radius, and being located just off of I-475 which boasts an average daily traffic count of over 60,000 cars per day. In addition, Highway 80 (Eisenhower Parkway) reports daily traffic counts of over 18,000.

Currently 100% leased to Verizon Wireless, Papa John's and Macon Vape and More. Papa John's lease boasts annual rental increases throughout the entire lease term, including options. Verizon's lease calls for 10% rental increases every 5 years. Macon Vape and More offers rental increases every year.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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