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Dark Walgreens | Abs NNN | ±61K VPD 1280 Gray Hwy 15,035 SF Retail Building Macon-Bibb, GA 31211 $2,535,714 ($168.65/SF) 14% Cap Rate
Investment Highlights
- Walgreens will continue paying rent through October 31 of 2027 ($562,083 Remaining Rent).
- Situated at the intersection of Gray Highway and Shurling Drive with combined traffic counts of 60,900 VPD.
- Walgreens is responsible for all building and property expenses.
- Construction slated to begin Summer of 2026, the new Macon arena will replace the current Macon Coliseum.
Executive Summary
Listed in conjunction with Brian Brockman, Bang Realty - Georgia Inc, 513-898-1551, wg@bangrealty.com, GA DRE Lic. 378952.
Property Facts
Sale Type
Investment NNN
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
15,035 SF
Building Class
B
Year Built
2002
Price
$2,535,714
Price Per SF
$168.65
Cap Rate
14%
NOI
$355,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.65 AC
Opportunity Zone
Yes
Zoning
HC - Highway Commercial
Parking
64 Spaces (4.26 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | R064-0232 | Improvements Assessment | $674,594 |
| Land Assessment | $258,347 | Total Assessment | $932,941 |
Property Taxes
Parcel Number
R064-0232
Land Assessment
$258,347
Improvements Assessment
$674,594
Total Assessment
$932,941
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
1 of 3
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Matterport 3D Tour
Photos
Street View
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Map
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Dark Walgreens | Abs NNN | ±61K VPD | 1280 Gray Hwy
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