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Details: Retail

Asking Price: $2,930,000

Square Feet: 20,900 SF

Asking Cap Rate: 7.50%

Year Built: 2006

NOI: $219,784

Ansley Village

6443 Zebulon Road, Macon, GA 31220

  • Multi-tenant shopping center with diverse service and experience-oriented tenancy
  • Strong leasing momentum with two 5-year terms executed in 2022
  • Staggered lease expirations; healthy mix of income stability and growth opportunities
  • 47% of center expiring in 2027 providing income stability with annual rent growth scheduled throughout leases
  • Two (2) vacant 1,400 square-foot units (13% of GLA) provides immediate upside opportunity for Net Operating Income growth
  • Four (4) tenants representing 40% of GLA have operating history at the center for an average of 10 years
  • NNN Leases throughout the center minimize cost slippage and allow for expenses to be passed through to tenants
  • Reimbursements include management and admin fees
  • Excellently maintained asset with minimal cap-ex items needed
  • Strong traffic counts from nearby Interstate 475 (42,000 VPD) and Zebulon Rd (17,000 VPD)
  • Healthy nearby Household Incomes :
  • 2-Mile Average: $109,000
  • 5-Mile Average: $101,000
  • Major Nearby retailers include Walmart, Lowe’s, Kohl’s, Goodwill
  • Situated at the entrance of 294-unit apartment complex
  • Parking lot in good condition; LED Lighting throughout

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