Macon Plaza

Macon Plaza

1640 Eisenhower Pkwy
Macon, GA

Price: $6,440,000
Cap: 8.00%
NOI: $515,158
Building Size: 114,982 SF
Lot Size: 12.31 AC

Investment Highlights

• Macon Plaza is a 114,982 square foot grocery anchored center in Macon, GA
• The property is 93% leased and includes strong national brands such as Dollar Tree, Save-A-Lot, Home Outlet, It’s Fashion Metro (CATO), and more
• 77.5% of Macon Plaza’s tenant lineup is national tenants
• Immediate Upside opportunity for investor
• Strong Positioning within market
• Located in Opportunity Zone

• Macon Plaza has the potential for significant value-add upside over the life of the investment
• Vacancy | If buyer leases the vacant unit at $5.51 per square foot on a gross lease, the cap rate will increase from 8% to 9.16%
• Outparcel | Free standing two tenant outparcel included in the sale
• Outparcel | Vacant pad site included in sale for ground lease or build to suit
• Low Rents | Current average rental rates in the shopping center are $6.24

• Macon Plaza is located just off I-75 (70,500 VPD) on Eisenhower Parkway
• I-75 is the major interstate that leads through the city of Macon and up to Atlanta
• The shopping center is positioned at a signalized intersection on Eisenhower Parkway with excellent visibibility and frontage
• 4 points of Ingress and Egress

• Macon Plaza is directly adjacent to Mercer University
• With 9,000+ total students, Mercer University is widely considered one of the most prestigious private universities in the state of Georgia
• Save–A–Lot is the closest national grocer to the campus
• 4 miles from Macon Plaza is Middle Georgia State University with 7,500 total students


• Strong Franchisee with 60+ Locations
• Tenant since 2007, has renewed each option
• 6M+ in sales | 1.55% Health Ratio
• Investing in store and about to undergo renovation (Paid by Tenant)

Barton’s Home Outlet
• 110 Locations nation wide
• This location broke company record for sales in year 1
• Has beaten yearly forecasted sales over the last 3 Years
• Youth Dentistry of Macon
• Guarantor is Benevis | 120+ Locations
• In 2020, Benevis was acquired by New Mountain Capital (Click to View Article)
• New Mountain Capital manages private equity, public equity, credit, and net lease capital with aggregate assets under management totaling more than $25 billion and annual revenue of $5.2 billion

Dollar Tree
• Has been here for 18 years and has renewed each option
• Store ranks in the top 35% in the state of Georgia
• Top 2 location in a 30-mile radius (12 total locations)

Zach Taylor
Eric Abbott

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