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885 Martin Luther King Jr Blvd
Macon, GA 31201
Gulf · Retail Property For Sale
Investment Highlights
- Brand New 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Four (4) x Five (5) Year Options to Renew With 2% Annual Rent Increases – Next Increase Set to Occur on 10/1/2020
- Strong Store Performance – 3.5 x Rent Coverage
- Renovated During 2019 and Have New Dealers in Place When the Grand Re-Opening Occurs in June
- Blended CAP Rate of 8.89% Over Lease Term
- Developing and High Growth Area – Population Expected to Increase by 3.6% Within a 1-Mile Radius Over the Next 5 Years
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,676 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.26 AC
Zoning
Commercial - Zoning CBD-2
Parking
10 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
About 885 MARTIN LUTHER KING JR BLVD , MACON, GA 31201
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374
Property Taxes
| Parcel Number | Q082-0187 | Improvements Assessment | $148,057 |
| Land Assessment | $84,888 | Total Assessment | $232,945 |
Property Taxes
Parcel Number
Q082-0187
Land Assessment
$84,888
Improvements Assessment
$148,057
Total Assessment
$232,945
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