2910 Riverside Dr - Restaurant FOR SALE


Macon-Bibb, GA 31204
$912,000 USD
980-498-3293
2910 Riverside Dr, Macon-Bibb, GA for Sale
$912,000 USD
Restaurant - FOR SALE
1/4
null | 6.25% Cap Rate

2910 Riverside Dr
Macon-Bibb, GA 31204


HIGHLIGHTS

  • CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE
  • LONG OPERATING HISTORY WITH RECENT EXTENSION
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Marco’s Pizza has signed a 10 year lease with 2.5% annual increases with four (4) five (5) year extensions - Abs. NNN with Zero Landlord Responsibilities LONG OPERATING HISTORY WITH RECENT EXTENSION - Tenant has been operating at this location for over 10 years - Tenant recently signed a 10 year extension, showing commitment to the site - MPZ Holdings has 30+ locations across the southeast with experience franchising Marco’s Pizza Locations POSITIONED IN A DENSE RETAIL NODE - More than 711K SF of retail space within 1 mile - Nearby national retailers include: Kroger, Pet Supermarket, Ace Hardware, The Rivergate Shopping Center, NorthPark Center Shopping Mall, and more RECENT INVESTMENT IN MACON, GA - Macon, GA was named in the Site Selection Magazine’s “Top 10 Metro Cities” - Tourism in Macon, GA has added over $22 million in value to the city in the last year - Within the last 5 years the city of Macon, GA has seen private investments exceeding $1 billion CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE - Site is positioned off of busy Riverside Drive (24.7K VPD) and is just north of exit 167 of I-75 (62.1K VPD) - Exit 167 sees commuters who work in and around Macon, GA all day long and benefits from the easy access off the highway NEARBY MARKET DRIVERS - Just west of the site is the Rosa Taylor Elementary School with more than 578 students enrolled - South of the site is the Northwoods Academy with around 300 students - Along Riverside Drive are the Car Dealerships of Macon, GA bringing in a large customer base for the surrounding retail

FOR SALE DETAILS

PRICE

$912,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marco's Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-4

APN/PARCEL ID

O054-0153

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.