SOLD – 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

Lee Malchow

Office:

This property has sold.