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32230020
32230015

4755 IVEY DR, MACON, GA 31206-5355

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$2,652,000
50 days on market
Updated 12 days ago

Northern Tool + Equipment

Details
APN K0090062
Property Type Retail
Sub Type Storefront
Square Footage 23,232
Units 1
Cap Rate 6.75%
NOI $179,025
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2035
Remaining Term 8.5
Rent Bumps Yes
Price per SqFt $114
Broker Co-Op True
Year Built 1999
Buildings 1
Stories 1
Acreage 5.030
Parking Spaces 108 spaces
Parking Per SqFt 4.65
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2000
Ground Lease No

Absolute Net Lease | Corporate Lease | Located In A Dense Retail Corridor

Marketing description

Retail • 23,232 SF • 11/26/2024

Investment highlights

• Absolute net lease | Zero landlord responsibilities

• Desirable lease term | 8.5+ years remaining

• Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the U.S.

• The tenant agreed to extend the lease two separate times for 10 years, showing their commitment to this location

• Located inside of dense retail corridor | 1.5M SF within a 2-mile radius

• Long operating history | Leased since 2000

• Large parcel | 5.03 acres

• Great visibility from Eisenhower Pkwy | 14,000 VPD

• 15 minutes from Atrium Health Navicent The Medical Center | 637 beds | Second largest hospital in GA

• Across the street from Middle Georgia State University - Macon Campus | 8,828 students across five campuses

• 5 minutes from Westside High School | 1,010 students

• 25 minutes from Middle Georgia Regional Airport

• Nearby destination retailers | Walmart Supercenter, Kroger, ALDI, Publix, Lowe’s, Home Depot, Tractor Supply Co., Academy Sports + Outdoors, Staples, Cracker Barrel, McAlister’s Deli, Chick-fil-A, Zaxby’s, Papa Johns, Firehouse Subs, Taco Bell, McDonald’s, Wendy’s, Burger King, Pizza Hut, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$179,025.00
$14,918.75/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

Map

Zoning

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C-2 CommercialGeneral CommercialGeneral Commercial District
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Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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