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Walgreens | Macon, GA (Mercer Dr.) 4305 Mercer University Dr 14,490 SF Retail Building Macon-Bibb, GA 31206 $2,640,000 ($182.19/SF) 14.27% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Triple Net (NNN) Lease - Zero Landlord Responsibilities
  • Redevelopment Opportunity - 70 Mins from Atlanta, GA
  • Drive Thru Location - 96,874 Residents Within 5-Miles
  • Three (3.0) Years Remaining - Corporate Tenant
  • Hard Signalized Corner - 42,200 CPD
  • 5 Mins from Middle Georgia State & Central Georgia Tech

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2002
Price
$2,640,000
Price Per SF
$182.19
Cap Rate
14.27%
NOI
$376,740
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.29 AC
Zoning
C-1 - Commercial
Parking
73 Spaces (5.04 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 14,490 SF
  • Retail
  • Outparcel
  • Now
Space Size Space Use Position Available
1st Floor 14,490 SF Retail Outparcel Now

1st Floor

Size
14,490 SF
Space Use
Retail
Position
Outparcel
Available
Now

NEARBY MAJOR RETAILERS

Bestway Rent to Own
WNB Factory - Wings & Burger
Kroger
Zaxby's
Sonny"s Real Pit Bar B-Q
McAlister's Deli
Rent-a-center
O'Charley's
Krystal
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M081-0018
Land Assessment
$109,740
Improvements Assessment
$726,224
Total Assessment
$835,964
  • Listing ID: 35658908

  • Date on Market: 4/28/2025

  • Last Updated:

  • Address: 4305 Mercer University Dr, Macon-Bibb, GA 31206

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