Brick Retail
For Sale
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4559 Hartley Bridge Rd, Macon, GA 31216
NNN-leased retail space associated with Advance Auto Parts at a Macon commercial address.
Property Size6,000 SF
Price / SF$278.39
Days on Market103
Property Features for 4559 Hartley Bridge Rd
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$121,100
Building Details
Year Built
2009
Tenancy
Single
Construction
brick
Listing Agency:
Matthews
Listed By:
Josh Bishop · License #TX 688810
Source:
Crexi
Added: May 20
Changed: Aug 30
Last Checked: Aug 30 at 12:31PM
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 Matthews
Investment Insights
Based on property information with market context.
This retail property at 4559 Hartley Bridge Rd in Macon, Georgia, features all-brick construction and was completed in 2009. The property is associated with Advance Auto Parts and is offered with an NNN lease structure. With a reported property size of 6,000, the building provides an established retail setting for automotive aftermarket merchandise and related customer service activity.
Key Highlights
- NNN lease structure associated with Advance Auto Parts
- All‑brick retail construction
- 6,000 reported property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,141,860
$1.1M
Cap Rate 7%
$815,614
$815.6K
Cap Rate 9%
$634,367
$634.4K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $14.40/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$81.6K $13.59/SF
− OpEx
−$24.5K −$4.08/SF
NOI
$57.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,141,860
Cap Rate 7%
$815,614
Cap Rate 9%
$634,367
Alternative Uses
Best Use
Retail
$815.6K
$713.7K – $951.6K
NOI $57,093 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,352 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
186k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 34%
Groceries 30%
Beauty & Spa 1%
Kroger
Groceries
56,442 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
27,177 visits/mo
0.4 miles
McDonald's
Dining
23,133 visits/mo
0.3 miles
Circle K
Shops & Services
21,773 visits/mo
0.4 miles
Wendy's
Dining
18,753 visits/mo
0.4 miles
Demographics for 31216, GA
16,379
Population
6,439
Households
2.5
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
57.4 sq mi
ZIP Area
285
Density / Sq Mi
$70,166
Median Household Income
$45,618
Median Earnings
$1,107
Median Rent
$192,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - NNN-leased retail space associated with Advance Auto Parts at a Macon commercial address.
Where is this retail space located?
The property is located at 4559 Hartley Bridge Rd Macon, GA.
What is the asking price?
The asking price for this property is $1,670,345.
What are key features of this property?
This property features: NNN lease structure associated with Advance Auto Parts; All‑brick retail construction; 6,000 reported property size
