Log In/Sign Up
Your email has been sent.
Marco's Pizza 2910 Riverside Dr 3,575 SF Retail Building Macon-Bibb, GA 31204 $912,000 ($255.10/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE
- ATTRACTIVE LEASE FUNDAMENTALS
- LONG OPERATING HISTORY WITH RECENT EXTENSION
EXECUTIVE SUMMARY
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
- 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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,575 SF
Building Class
C
Year Built
1967
Price
$912,000
Price Per SF
$255.10
Cap Rate
6.25%
NOI
$57,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.69 AC
Zoning
C-4
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Headquartered in Toledo, Ohio, Marco’s Pizza is one of the fastest-growing pizza brands in the United States. Marco’s was founded in 1978 by Italian-born Pasquale (“Pat”) Giammarco and thrives to deliver a high-quality pizza experience, known for its dough made from scratch and its three fresh signature cheeses. The company has grown from its roots as a beloved Ohio brand to operate over 1,200 stores in 35 states with locations in Puerto Rico, the Bahamas, and Mexico.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | O054-0153 | Improvements Assessment | $142,805 |
| Land Assessment | $118,800 | Total Assessment | $261,605 |
PROPERTY TAXES
Parcel Number
O054-0153
Land Assessment
$118,800
Improvements Assessment
$142,805
Total Assessment
$261,605
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Marco's Pizza | 2910 Riverside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.