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31850092
31850094

4625 MERCER UNIVERSITY DR, MACON, GA 31210-5611

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$1,650,000
42 days on market
Updated 41 days ago

Family Dollar

Details
APN L0820247
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,180
Units 1
Cap Rate 7.59%
NOI $125,174
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options Six (6) - Five (5) Year Options
Price per SqFt $180
Year Built 2015
Stories 1
Acreage 1.500
Zoning PDC
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/01/2016
Ground Lease No

RARE Absolute Net All-Brick Constructed Family Dollar

Marketing description

Family Dollar at 4625 Mercer University Dr, Macon, GA 31210 presents a rare opportunity to acquire a high-performing, single-tenant net-leased retail asset in one of Middle Georgia’s strongest retail corridors. This 9,180 SF freestanding store sits on 1.50 acres and features upgraded all-brick prototype construction, offering long-term durability and strong curb appeal.

The property is secured by an absolute NNN lease with zero landlord responsibilities, plus a corporate guaranty. There are 5+ years remaining on the current term, six 5-year renewal options, and 10% rent increases every five years, creating attractive long-term income growth. Positioned on Mercer University Drive with visibility to more than 24,500 vehicles per day, the site benefits from excellent access and proximity to major national retailers including Walmart Supercenter, Sam’s Club, Kroger, Aldi, Best Buy, Staples, and The Home Depot.

The location also draws from a dense and affluent trade area with more than 94,000 residents within 5 miles and average household income exceeding $70,000. Additional demand drivers include nearby Mercer University and Middle Georgia State University, making this a compelling passive investment in a growing regional hub.

Investment highlights

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • 9,180/SF Freestanding Single-Tenant Family Dollar Situated on 1.50 Acres
  • 5+ Years Remaining in the Term with Six (6), 5-Year Options Available
  • Strong 10% Rent Increases Every 5 Years Throughout The Initial Term and Options
  • Upgraded Family Dollar All-Brick Prototype Construction
  • RARE Dollar Store Demographics | Average Household Income In a 5-Mile Radius Exceeds $72,000 | Population Exceeds 99,000 People In a 5-Mile Radius
  • Excellent Visibility and Access From Mercer University Drive with Daily Vehicle Counts Exceeding 24,500
  • One Of Family Dollar's Top-Performing Locations In The State Of Georgia | Ranked #65 Out Of 316 Locations In The Entire State
  • 2 Miles To Middle Georgia State University (MGA) | ±8,800 Students
  • 4 Miles To Mercer University | ±9,000 Students | Consistently Ranked Among The Top Private, National Research Universities In The U.S.
  • 84 Miles To Atlanta, GA
  • National Retailers Surrounding Subject Property Include The Home Depot, Aldi, Kroger, Sam's Club, Best Buy, Staples, Walmart Supercenter, Chick-fil-A, and Many More

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$125,174.00
$10,431.17/mo

Valuation Metrics

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DSCR
7.59%
Cap Rate
7.59%
ROI

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