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Views: 139 DOM: 197 Updated: 11.21.24 Posted: 06.07.24 Status: Active

Summary

Price $1,021,000
Built/Renov 2004
Tenant Family Dollar
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,000
Lease Start 01-01-2004
#Units 8,359
Price/SF $127.63
Expiration 12-31-2024
Tenant Type Dollar/Discount
NOI $76,560
R. Term 0.0
Ownership Fee Simple
Rent/SF $9.57
Increases 10.0%/0/yrs
Pop 5Mi 30,949
Lot/AC 1.00
Options 2/5yrs/10%
AHHI 5Mi $58,562

Lease Highlights

  • Family Dollar has been operating in this location since 2004
  • The tenant has less than 1 year remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the signalized, hard corner intersection of Jeffersonville Rd. and State Hwy 57, with access to a combined daily traffic count of 22,200 vehicles. The property is directly accessible from the on/off ramps of Interstate-16, which sees 87,300 VPD. Additionally, it is within 5 miles from downtown Macon and Mercer University, which has 9,000 students....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,440 14,194 30,588
2024 Total Population : 1,475 14,386 30,986
2024 Employed Civilian Pop : 439 5,328 11,353
2024 Total Businesses : 25 302 2,066
2024 Average Household Income : $ 68,211 $ 61,175 $ 59,206
2024 Total Consumer Spending : $ 35 M $ 299 M $ 675 M
2024 Median Age : 42 40 39
2024 Total Households : 584 5,466 12,733
2024 Pop Age 25+: Bachelor's Degree : 34 772 2,332
2024 Average Home Value : $ 168,680 $ 190,191 $ 190,841
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Stallworth Dr Sunrise Dr 2004 256 0.24 mi
Jeffersonville Road Cannon Dr 2019 4,130 0.26 mi
Mogul Rd Cook Cir 2004 2,417 0.31 mi
Masseyville Rd Kings PkDr N 2016 690 0.45 mi
Masseyville Road Kings Park Dr N 2019 720 0.46 mi
Masseyville Road Kings PkDr N 2018 710 0.46 mi
Irwinton Road Loch Lomond Dr 2019 8,320 0.50 mi
Masseyville Rd Flemming Dr 2004 284 0.60 mi
Jeffersonville Road Finneydale Dr 2019 13,900 0.74 mi
Riggins Mill Road Herbert Smart Airport Rd 2019 3,100 0.94 mi

Listing Broker

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