$1 Auction - REIT Sale | Former Wendy’s 6121 Oak St 3,160 SF Retail Building Eastman, GA 31023 $75,000 ($23.73/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing,restaurant/retail building located at 6121 Oak Street in Eastman, Georgia (the “Property”). Formerly occupied by Wendy’s and most recently Shark's Fish & Chicken Chicago Style, the Property is being offered significantly below replacement cost, providing a compelling opportunity for owner-users or investors to acquire a highly visible, drive-thru-equipped retail asset at an attractive basis. FIRST BID MEETS RESERVE!
Constructed in 1996, the Property consists of a ±3,160 SF, single-story, second-generation restaurant building with a drive-thru, situated on a ±1.191-acre parcel (±51,873 SF). The site features a concrete surface parking lot with 49 on-site parking spaces and multiple points of ingress and egress, including one on Pearl Bates Ave, enhancing circulation and ease of access. The Property benefits from ±182 feet of frontage along Oak Street/U.S. Highway 23, a primary retail and commuter corridor carrying 10,000+ vehicles per day (VPD), providing excellent visibility and consistent traffic exposure. Positioned along a well-established, daily-needs retail corridor, the Property offers convenient access and strong market presence. Previously leased to Wendy’s on a triple-net (NNN) basis and most recently occupied by Shark’s Fish + Chicken, the asset presents a value-add opportunity through re-tenanting at prevailing market rents, with CoStar estimating retail rental rates of $13–$16/SF NNN. Zoned B-1 (Neighborhood Business District), the site allows for a broad range of retail, restaurant and service-oriented uses, further enhancing its flexibility, redevelopment potential, and appeal.
The Property is located in Eastman, the county seat of Dodge County, within the Macon Designated Market Area. The Property is positioned adjacent to Farmer’s Furniture, Dodge County Middle School serving nearly 600 students, Dodge County High School, which enrolls 875+ students and abuts Memorial Stadium, home of the Dodge County Indians. The Property is near national chains including Popeyes, Captain D’s, Zaxby’s, McDonald’s, CVS, etc along with the nearby educational institutions generate consistent activity and contribute to a steady daytime population that supports these neighborhood-serving retail/service uses. The Property is also located approximately ±2-Mi from Dodge County Hospital (94 beds), the region’s primary healthcare provider, supporting employment-driven traffic and daily-use retail demand. Additional regional demand drivers include Heart of Georgia Regional Airport and Middle Georgia State University’s ±22-acre Eastman Campus, both located approximately ±4-Mi from the Property. The Eastman Campus is home to the university’s School of Aviation and is the only campus in the University System of Georgia offering flight training and airport management programs, contributing to a stable student and employment base. Surrounded by established residential neighborhoods and supported by nearby educational, healthcare, and aviation-related institutions, the Property benefits from a consistent daytime population and functions as a convenient, neighborhood-oriented retail location serving Eastman and the surrounding communities. These demand drivers support steady, daily-use traffic patterns and reinforce the Property’s long-term viability for quick-service restaurant, service retail, and other community-serving uses. The surrounding trade area includes approximately ±8,776 residents within a ±3-Mi radius and nearly ±11,000 residents within a ±5-Mi radius, with an average household income exceeding $68,000.