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Marco's Pizza 2910 Riverside Dr 3,575 SF Retail Building Macon-Bibb, GA 31204 $891,000 ($249.23/SF) 6.40% 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
$891,000
Price Per SF
$249.23
Cap Rate
6.40%
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
- -
- -
- -
Marco's Pizza began in 1978 when Pasquale Giammarco opened the first location in Oregon, Ohio. The brand grew from its humble beginnings into a national pizza chain with numerous locations. The menu features signature pizzas made with fresh dough and a three-cheese blend, alongside subs, wings, salads, and desserts. Marco's Pizza emphasizes authentic Italian pizza traditions and quality ingredients in all its offerings.
| 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
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Marco's Pizza | 2910 Riverside Dr
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