3706 Mercer University Dr Macon, GA 31204

Mission Square, a 24,200 square foot, two-story shopping center in Macon, Georgia, presents a compelling value-add investment opportunity. This Fee Simple property, built in 1989, boasts a diverse tenant mix within its 27 units, including a dental office, hair salons, a barber shop, and a tattoo studio. Currently operating at 64% occupancy, the property generates a Net Operating Income (NOI) of $149,351, representing a 6.49% cap rate based on the $2,300,000 asking price. However, a pro-forma analysis projects a significantly higher NOI of $225,588 and a 9.81% cap rate, indicating substantial upside potential through increased occupancy and lease optimization. The property is situated at 3706 Mercer University Dr, Macon, GA 31204, in Bibb County, benefiting from high traffic counts (24,675 vehicles per day) on Mercer University Drive and a strong demographic base of 53,004 people within a three-mile radius. The property is zoned for commercial use and offers a gross lease structure. This Class B shopping center represents a rare chance to acquire a well-located retail asset with significant potential for growth and enhanced profitability. The property's location near several universities ensures long-term stability and consistent demand.