SOLD – 888 Pierce Avenue

THE OPPORTUNITY

• 100% occupied center
• ​Income stability: 2 new, long-term leases
• ​Dollar General: 10 years
• ​Buddy’s Furniture: 10 years
• ​Tenant longevity
• ​Mattress Barn has been located at the center since 2012
• ​81% occupied by national tenants
• ​81% of the rental income from national tenants
• ​LED lights in the parking field
• ​New roof at Dollar General and Mattress Barn
• ​Buddy’s roof is 8 years old
• ​New HVAC units installed for all tenants

THE HIGHLIGHTS

• Located along primary north/south thoroughfare in the Macon market, Riverside Drive
• ​Macon is the largest city and economic hub of Central Georgia
• ​Accessibly to I-75
• ​Investment grade credit rating with Dollar General
• ​S&P: BBB
• ​Moody’s: Baa2
• ​Buddy’s has rental increase in 2027
• ​No renewal for Mattress Barn providing the Landlord with flexibility when their term expires in 2025
• ​Dollar General has a large grocery offering at this location
• ​No grocery competition within 2 miles