Listed by Northmarq - Chicago
$4,510,009
IPL Plastics
Details
APN K0070125
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 66,500
Units 1
Cap Rate 7.5%
NOI $338,251
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/30/2029
Remaining Term 2.8
Lease Options N/A
Year Built 2006
Year Renovated 2012
Buildings 2
Stories 1
Acreage 11.350
Parking Spaces 244 spaces
Parking per 1,000 SqFt 3.67
Lease Commencement 05/01/2019
Ground Lease No
Loading Docks 29
Industrial | 7.50% CAP | 66,500 SqFt
Marketing description
Northmarq is pleased to present IPL Plastics, a 66,500± SF industrial asset located at 244 Mercer Junction in Macon, GA. The property is offered at $4,510,009, representing a 7.50% cap rate on current NOI of $338,251. The asset is subject to an Absolute NNN lease with zero landlord responsibilities and 5% annual rent increases. Listed at Sub-$70/SF, less than half replacement cost.
Investment highlights
100% Occupied - Absolute NNN Lease with 5% Annual Increases
Massive 11.35-Acre Site with ample Expansion Ability
Leading Global Plastics & Packaging Tenant – IPL is posed for Growth
Strategic Central Georgia Logistics Location (Mercer Junction) – Close Proximity to I-475 and I-75
Mission-Critical Distribution Use with Strong Site Functionality - 29 Loading Docks
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$338,251.00
$28,187.58/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
PDM PlannedPlanned Development Mixed Use District
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View all 117 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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