Freedom Plaza

Freedom Plaza

4851 Russell Parkway
Warner Robins, GA

Price: $2,750,000
Cap: 8.00%
NOI: $219,832
Building Size: 20,490 SF
Lot Size: 1.81 AC

Investment Highlights

The subject property is a 20,490 SF three-tenant retail strip center offering in Warner Robins, GA

FREEDOM PLAZA
• Keller Williams, the largest tenant in the center, has been in occupancy since 2013 & has renewed its lease multiple times.
• Keller Williams has indicated that this location is ideal for their nearly 200 agents
• Longleaf Church has been in the center since 2013 & has renewed its lease multiple times
• The Church most recently confirmed its long term strategy at this location by renewing for multiple years
• Limited Competition on Russel Parkway
• All Tenants are on Gross Leases. $16/SF Market rent with NNN Reimbursements equals a 11.92% Proforma Cap

STRATEGIC LOCATION
• The property is located at the entrance to multiple residential neighborhood developments with 31,000 households in a 5-Mile radius
• Property is strategically positioned on Russell PKWY (28,600 VPD), which is the major road connecting Atlanta’s busiest highway I-75 (74,800 VPD) to the entrance of Robins Airforce Base
• The property boasts excellent frontage & visibility

AFFLUENT & RAPIDLY GROWING DEMOS
• The center is nestled in an affluent suburban pocket of Warner Robbins that continues to see explosive growth in the immediate area
• 5-Mile Population: 83,166
• The 3 Mile Average Household income is $97,637 and is growing at a rate of 10%.

WARNER ROBINS, GA
• Warner Robins, Georgia’s International City, is best known as the home of Robins Air Force Base ($3.38b Economic Impact), the Museum of Aviation (second largest in the country), and the Southeast Regional Little League Headquarters and field.
• Robins Air Force Base, a major U.S. Air Force maintenance and logistics complex, is located just east of the city limits. The base’s expansion and the suburbanization of nearby Macon have led to the city’s rapid growth.
• The base is one of the largest employers in the state of Georgia and directly contributes over 25,000 military, civil service, and contractor jobs to the local economy. It has provided an economic stability not only for Warner Robins but the entire Middle Georgia Community
• The Museum of Aviation is located just next to the Airforce base and is Georgia’s largest tourist attraction outside of Atlanta. It is the second largest museum sponsored by the United States Air Force and the fourth-most visited museum in the Department of Defense
• Warner Robins is widely known for its quality of life for families. For consecutive years in 2009 & 2010, Business Week magazine named Warner Robbins the best place in Georgia to raise a family. In 2012, CNN Money named Warner Robins #7 on its Best Places To Live list for America’s best small cities.

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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