For Sale
$1,395,000

4925 Bloomfield Rd Macon, GA 31206

Family Dollar-anchored, high-yield retail property.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail investment opportunity presents a fee-simple, 11,800 square foot property located at 4925 Bloomfield Road, Macon, Georgia 31206. The property features a diverse tenancy of four units, currently operating at 100% occupancy, anchored by a Family Dollar store with a long-term lease extending to 2031, including built-in rent bumps. The building, constructed in 2003, sits on a 1.58-acre lot with ample parking (45 spaces). The property boasts a strong net operating income (NOI) of $122,046, resulting in an attractive 8.75% cap rate. The asking price is $1,395,000, translating to $118.22 per square foot. Situated in a high-traffic area with over 21,000 vehicles passing daily, the property benefits from its proximity to major retailers such as Walmart, Sam's Club, and Chick-fil-A, as well as several higher education institutions, including Middle Georgia State University and Mercer University. This prime location, combined with the strong tenancy and lease terms, offers a secure and potentially lucrative investment opportunity with significant upside potential through repositioning of a 4,000 square foot portion of the building currently occupied by three long-term tenants. The property is classified as Class A, with a double net (NN) lease structure. This is a multi-tenant property offering stability and diversification of income streams.

Highlights

  • Family Dollar-anchored, double-net-leased property offering passive income with minimal landlord responsibilities.
  • Family Dollar has a long-term lease (8-year extension, 6.5+ years remaining) with rent increases built in.
  • 4,000 SF of space available for repositioning and increased income.
  • Excellent location in a thriving retail area with national tenants like Walmart, Sam's Club, and Chick-fil-A.
  • Strong demographics: Proximity to three universities with over 26,000 students.
  • Located in Macon, GA, the 4th largest city and 5th largest MSA in the state, boasting over 156,000 residents and 236,000 MSA residents respectively.

Property Details for 4925 Bloomfield Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
11,800 SF
Class
A
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
68,825 SF
Units
4

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.80569787
Longitude
-83.70739537

FAQs

What type of property is this?
Retail property - Family Dollar-anchored, high-yield retail property.
Where is the retail property located?
The property is located at 4925 Bloomfield Rd Macon, GA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Family Dollar-anchored, double-net-leased property offering passive income with minimal landlord responsibilities.; Family Dollar has a long-term lease (8-year extension, 6.5+ years remaining) with rent increases built in.; 4,000 SF of space available for repositioning and increased income.
How can I contact the broker?
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4925 Bloomfield Rd
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