NNN Retail Property with Corporate
For Sale
Contact for pricing
3619 Mercer University Drive, Macon, GA 31204
Retail asset leased under an absolute NNN structure with extended term and limited landlord obligations.
Property Size2,793 SF
Lot Size0.63 Acres
Price / SF$214.46
Days on Market164
Property Features for 3619 Mercer University Drive
General Information
Standard status
Active
Size
2,793 SF
Total Parking Spaces
11
Lot size
0.63 Acres
Property subtype
Retail
Zoning
C-2
Lease Type
Absolute Net
Net Operating Income
$42,024
Site & Location
Traffic Count
26,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Building Details
Year Built
1980
Units
11
Tenancy
Single
Listing Agency:
The Summit Group
Listed By:
Adam Stead · License #440837
(478) 750-7507
Source:
Crexi
Added: May 5
Changed: Oct 14
Last Checked: Oct 14 at 10:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Summit Group
Investment Insights
Based on property information with market context.
This 2,793-square-foot retail property occupies approximately 0.63 acres at 3619 Mercer University Drive in Macon, Georgia. Built in 1980, the property is zoned C-2 and operates under an absolute NNN lease, placing responsibility for most property expenses with the tenant. The lease has 18 years remaining, includes two 5-year renewal options, provides 3% annual rent increases, and carries a corporate guarantee.
The site fronts Mercer University Drive, where reported traffic exceeds 26,000 vehicles per day, with Interstate 75 traffic reported at more than 81,000 vehicles per day nearby. The property is positioned along a commercial corridor with established national retailers and consumer-oriented traffic drivers in the surrounding area. The tenant is The North American Title Company, doing business as Loan Max. The lease reports a 6% cap rate.
The site fronts Mercer University Drive, where reported traffic exceeds 26,000 vehicles per day, with Interstate 75 traffic reported at more than 81,000 vehicles per day nearby. The property is positioned along a commercial corridor with established national retailers and consumer-oriented traffic drivers in the surrounding area. The tenant is The North American Title Company, doing business as Loan Max. The lease reports a 6% cap rate.
Key Highlights
- 2,793 SF retail property on approximately 0.63 acres
- Absolute NNN lease with 18 years remaining
- Two 5‑year renewal options and 3% annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,577
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,540
$531.5K
Cap Rate 7%
$379,671
$379.7K
Cap Rate 9%
$295,300
$295.3K
Market Conditions
NOI Build-Up for 2,793 SF
Gross rent
$40.2K $14.40/SF
− Vacancy
−$2.3K −$0.81/SF
EGI
$38.0K $13.59/SF
− OpEx
−$11.4K −$4.08/SF
NOI
$26.6K $9.52/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,540
Cap Rate 7%
$379,671
Cap Rate 9%
$295,300
Alternative Uses
Best Use
Retail
$379.7K
$332.2K – $443.0K
NOI $26,577 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$534.3K
$467.6K – $623.4K
NOI $37,404 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
155k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 32%
Apparel 29%
Burlington
Apparel
33,050 visits/mo
0.3 miles
Burger King
Dining
16,733 visits/mo
0.2 miles
Circle K
Shops & Services
15,491 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
14,780 visits/mo
0.2 miles
Taco Bell
Dining
12,530 visits/mo
0.5 miles
Demographics for 31204, GA
30,512
Population
15,578
Households
2
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
14.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$38,478
Median Household Income
$32,586
Median Earnings
$917
Median Rent
$123,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Retail asset leased under an absolute NNN structure with extended term and limited landlord obligations.
Where is this nnn property located?
The property is located at 3619 Mercer University Drive Macon, GA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,793 SF retail property on approximately 0.63 acres; Absolute NNN lease with 18 years remaining; Two 5‑year renewal options and 3% annual rent increases
