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Single Tenant Net Leased - 8.5% Cap Rate 356 Walnut St 17,926 SF Industrial Building Macon-Bibb, GA 31201 $1,100,000 ($61.36/SF) 8.56% Cap Rate
Executive Summary
Property Highlights
• ±17,926 SF Industrial warehouse/office available in the heart of downtown.
• Net lease with 5+ years remaining with 2% annual rent increases and options.
• Strong guarantor, The Parts House, US subsidiary to multinational parent company, Marubeni (Tokyo, Japan).
• Longstanding operations of 30+ years at this location.
• Limited landlord responsibilities: Roof and structure.
Why Macon?
• One of Georgia’s five largest MSA’s; Less than 90 minutes from Atlanta.
• Strong local economy anchored by aerospace/defense, advanced manufacturing and healthcare.
• City recently received over $1 BILLION in new private investments.
• Property located in the middle of a $300M downtown transformation project.
• Low cost of living and 4% unemployment rate!
Pricing?
• AVAILABLE FOR SALE at $1,100,000 / 8.5% Cap Rate
• Also available as part of a 4 location GA Industrial Portfolio (OM Available Upon Request).
• ±17,926 SF Industrial warehouse/office available in the heart of downtown.
• Net lease with 5+ years remaining with 2% annual rent increases and options.
• Strong guarantor, The Parts House, US subsidiary to multinational parent company, Marubeni (Tokyo, Japan).
• Longstanding operations of 30+ years at this location.
• Limited landlord responsibilities: Roof and structure.
Why Macon?
• One of Georgia’s five largest MSA’s; Less than 90 minutes from Atlanta.
• Strong local economy anchored by aerospace/defense, advanced manufacturing and healthcare.
• City recently received over $1 BILLION in new private investments.
• Property located in the middle of a $300M downtown transformation project.
• Low cost of living and 4% unemployment rate!
Pricing?
• AVAILABLE FOR SALE at $1,100,000 / 8.5% Cap Rate
• Also available as part of a 4 location GA Industrial Portfolio (OM Available Upon Request).
Property Facts
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R073-0140 | Improvements Assessment | $235,292 |
| Land Assessment | $165,244 | Total Assessment | $400,536 |
Property Taxes
Parcel Number
R073-0140
Land Assessment
$165,244
Improvements Assessment
$235,292
Total Assessment
$400,536
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