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NNN Investment | 8.75% Cap Rate 4849 Mercer University Dr 3,136 SF Retail Building Macon-Bibb, GA 31210 $595,000 ($189.73/SF)



Executive Summary
4849 Mercer University Drive offers investors a stabilized NNN investment opportunity in one of Macon’s most active commercial corridors. The property includes approximately 3,136 square feet on a 0.33-acre lot, with strong frontage along Mercer University Drive and exposure to approximately 21,700 vehicles per day.
The building is fully built out as salon suites and will be delivered with a sale-leaseback structure. At closing, the current owner will execute a five-year NNN lease at $5,700 per month, providing the purchaser with immediate rental income and built-in occupancy from day one. With utilities passed through to the tenant and landlord responsibilities limited under the NNN lease structure, the property offers a clean, passive income stream with reduced operational burden. Based on the NNN rental income, the offering is positioned at a 7.00% cap rate, making it an attractive opportunity for investors seeking stabilized cash flow in a proven commercial location.
Situated within an established North Macon commercial node, the property benefits from surrounding retail, service, and office uses, convenient access to major thoroughfares, and ample on-site parking. 4849 Mercer University Drive combines predictable income, strong visibility, and a landlord-friendly NNN lease structure in one of the area’s highest-traffic corridors
The building is fully built out as salon suites and will be delivered with a sale-leaseback structure. At closing, the current owner will execute a five-year NNN lease at $5,700 per month, providing the purchaser with immediate rental income and built-in occupancy from day one. With utilities passed through to the tenant and landlord responsibilities limited under the NNN lease structure, the property offers a clean, passive income stream with reduced operational burden. Based on the NNN rental income, the offering is positioned at a 7.00% cap rate, making it an attractive opportunity for investors seeking stabilized cash flow in a proven commercial location.
Situated within an established North Macon commercial node, the property benefits from surrounding retail, service, and office uses, convenient access to major thoroughfares, and ample on-site parking. 4849 Mercer University Drive combines predictable income, strong visibility, and a landlord-friendly NNN lease structure in one of the area’s highest-traffic corridors
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,136 SF
Building Class
C
Year Built
1950
Price
$595,000
Price Per SF
$189.73
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.33 AC
Zoning
PDR - Planned Development Residential
Parking
19 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | L081-0065 | Improvements Assessment | $32,173 |
| Land Assessment | $41,904 | Total Assessment | $74,077 |
Property Taxes
Parcel Number
L081-0065
Land Assessment
$41,904
Improvements Assessment
$32,173
Total Assessment
$74,077
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NNN Investment | 8.75% Cap Rate | 4849 Mercer University Dr
