3311 Ridge Rd Macon, GA 31217
High-Yield Retail Investment; Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $1,893,333 asking price for a 10,542 SF retail property in Macon, GA.
- Absolute NNN lease with a credit-rated, corporate-guaranteed tenant (Dollar General).
- 14 years remaining on a 15-year lease with five 5-year options at 10% rent increases.
- 100% occupancy with a $127,800 annual NOI and a 6.75% cap rate.
- New 2023 construction; Dollar General Plus store (larger format) indicating projected high sales volume.
- Strong demographics: 31,307 residents within a 5-mile radius, average household income of $71,624.
Property Details for 3311 Ridge Rd
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,542 SF
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 152,460 SF
Location Insight
- City
- Macon
- County
- Twiggs
- State
- Georgia
- Latitude
- 32.8515345
- Longitude
- -83.4855446
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Retail Investment; Strong Tenant
- Where is the retail property located?
- The property is located at 3311 Ridge Rd Macon, GA.
- What is the asking price?
- The asking price for this property is $1,893,333.
- What are key features of this property?
- This property features: $1,893,333 asking price for a 10,542 SF retail property in Macon, GA.; Absolute NNN lease with a credit-rated, corporate-guaranteed tenant (Dollar General).; 14 years remaining on a 15-year lease with five 5-year options at 10% rent increases.
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