For Sale
$1,593,805

3801 Northside DrMacon, GA 31210

High-yield MyEyeDr medical office; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 6,873 square foot medical office building in Macon, Georgia, currently 100% occupied by MyEyeDr, a leading optometry provider with over 800 locations nationwide. The property boasts a stabilized investment profile with a strong 8.75% cap rate and a substantial net operating income (NOI) of $139,458. The lease, featuring a corporate guarantee, has a remaining term of three years with a 10% rent bump at renewal and options for two or five-year extensions. Built in 1977, this single-tenant property is situated at 3801 Northside Dr, Macon, GA 31210, an area with high traffic volume (over 20,000 cars daily) and proximity to major retailers like Kroger, Starbucks, Chick-fil-A, and UPS at the adjacent Northpark Center Mall. The property benefits from strong demographics, serving a 5-mile population exceeding 64,500 residents with an average household income of $81,685. Macon's robust economy, driven by manufacturing, aeronautics, tourism, and the significant economic impact of Robbins Air Force Base, further enhances the investment's appeal. The asking price is $1,593,805, translating to a price per square foot of $231.89. This represents a compelling opportunity to acquire a high-performing medical office asset in a thriving Georgia market. The property is an outparcel to Atrium Health Wellness.

Highlights

  • $1,593,805 asking price for a 6,873 SF stabilized medical office building in Macon, GA, offering an 8.75% cap rate.
  • 100% occupancy with MyEyeDr, a leading optometry provider with a corporate guarantee, on a modified lease expiring 11/30/2027 (3-year remaining term, with 10% rent bumps at renewal).
  • Strong tenant: MyEyeDr, part of Goldman Sachs-backed Capital Vision Services, operating over 800 locations nationwide.
  • Attractive investment in a growing Medtail sector (medical/retail), offering stable income and high returns.
  • Located in Macon, GA, a city with a strong economy, significant population, and high household income, near major retailers and high traffic counts.
  • Excellent location in a high-traffic area with nearby national tenants and proximity to major employers, including Robbins Air Force Base.

Property Details for 3801 Northside Dr

Property type
Lifestyle centers, Power centers
Square Feet
6,873 SF
Year Built
1977

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.898020931207
Longitude
-83.693143760716
3801 Northside Dr, Macon, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3801 Northside Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message