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Northern Tool + Equipment 4755 Ivey Dr 23,100 SF Retail Building Macon-Bibb, GA 31206 $2,652,000 ($114.81/SF) 6.75% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities
- Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the U.S.
- Located inside of dense retail corridor | 1.5M SF within a 2-mile radius
- Desirable lease term | 8.5+ years remaining
- The tenant agreed to extend the lease two separate times for 10 years, showing their commitment to this location
- Long operating history | Leased since 2000
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Northern Tool + Equipment in Macon, GA. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,100 SF
Building Class
C
Year Built
1999
Price
$2,652,000
Price Per SF
$114.81
Cap Rate
6.75%
NOI
$179,025
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
5.03 AC
Zoning
Commercial - Commercial
Parking
108 Spaces (4.68 Spaces per 1,000 SF Leased)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | K009-0062 | Improvements Assessment | $487,833 |
| Land Assessment | $261,051 | Total Assessment | $748,884 |
Property Taxes
Parcel Number
K009-0062
Land Assessment
$261,051
Improvements Assessment
$487,833
Total Assessment
$748,884
Contacts
-
Ransome Foose -
Carl Brendes -
Al Dickens -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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