1372-1398 Gray Hwy
Macon, GA 31211
Market Square II · Retail Property For Sale

PRICE REDUCED Investment Highlights: ñ 22,264 SF shopping center in Macon, GA ñ 78% occupied with average rents of ñ $13.11 PSF Excellent visibility on Gray Highway with over 25,000 VPD Inline with large shopping center anchored by Goody's, Dollar General, & Aaron's Accross the street from Walmart Supercenter Conveniently located ñ 1.5 miles from Interstates 16 & 75 Investment Overview: Market Square II (the Property) is a ñ22,264 SF retail center located at 1372 Gray Highway in Macon, GA. Built in 1988 and remodeled in 2005, the Market Square II consists of a single-story retail center on a ñ 4.35-acre parcel. The Property is currently ñ 78% occupied by 8 tenants, with average rents of approximately ñ $13.11 PSF Gross. The remaining 3 suites are currently vacant, and range in size from approximately 1200 to 2,400 SF. Originally part of Market Square I, the large shoppi Originally part of Market Square I, the large shopping center inline with the Property, it is now a standalone strip with no shared maintenance or CAM. The billboard on Gray Highway and cell tower located behind the center are not included in this offering. Market Square II boasts high visibility on Gray Highway which sees over 25,000 VPD. In addition, it greatly benefits from it's location near two other major retail destinations, Market Square I and Walmart Supercenter. Market Square I, anchored by Goody's, Dollar General, Farmers, and Aaron's, is inline with the Property, while Walmart is located directly accross Gray Highway. The Property is located in the city of Macon, Georgia. Macon lies near the geographic center of the state, approximately 85 miles south of Atlanta, hence the city's nickname "The Heart of Georgia." Located near the fall line of the Ocmulgee River, the city is the county seat of Bibb County and had a 2014 estimated population of 153,691. Macon is served by 3 interstate highways: I-16 (connecting the city to Savannah and coastal Georgia), I-75 (connecting the city with Atlanta to the north and Valdosta to the south), and I-475 (a city bypass highway).