Listed by Tri-Oak Consulting Group
$990,640
Family Dollar Anchored Center - Macon, GA
Details
Property Type Mixed Use, Retail
Sub Type Convenience Store, Shopping Center
Square Footage 12,000
Cap Rate 10%
NOI $99,064
Occupancy 87%
Tenancy Multi
Brand/Tenant Family Dollar, Jiffy Lube
Price per SqFt $83
Year Built 2003
Acreage 1.580
Parking Spaces spaces
Family Dollar | Covered Land Basis on 1.58-Acre Signalized Corner
Investment highlights
- Covered Land Basis on 1.58-Acre Signalized Corner: Situated on approximately 1.58 acres at the signalized intersection of Bloomfield Road and Chambers Street, the asset benefits from strong visibility and long-term underlying real estate value. The land component provides meaningful downside protection relative to basis
- Below-Market Anchor Rent Creates Embedded Reversion Potential: Family Dollar is currently paying approximately $9.48/SF. Comparable small-box retail users in similar tertiary Georgia markets often command higher rental rates, creating potential rent growth at renewal or backfill
- Immediate Upside Through Vacancy Lease-Up: A 1,500 SF vacant suite (13% of GLA) provides near-term value-add opportunity. Lease-up at $11 RPSF would increase rent $16,500
- Flexible 8,000 SF Retail Box (2003 Construction): Constructed in 2003, the single-story 8,000 SF structure is well-suited for discount retail, service-oriented tenants, medical users, or alternative small-box concepts, supporting long-term adaptability of the asset
- NN Lease Structure with Limited Landlord Responsibilities: Tenants reimburse taxes and CAM, with landlord responsible for roof and structure, providing operational efficiency while maintaining control of major capital components
Listing Contacts
Listed by Tri-Oak Consulting Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,064.00
$8,255.33/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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