2863 Pio Nono Ave Macon, GA 31206

Property Details for 2863 Pio Nono Ave

Year built

1962

Lot size

0.50 lot acres

Property size

2,114 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,114 square foot, single-tenant, absolute NNN leased property located at 2863 Pio Nono Ave, Macon, GA 31206. The property, built in 1962 and situated on a 0.5-acre lot, boasts 42 parking spaces and enjoys excellent visibility and access from US Highway 41 (Pio Nono Ave), experiencing approximately 45,000 vehicles per day. The tenant, Krystal, a well-established quick-service restaurant chain with a corporate guarantee, occupies the entire building under a 20-year lease commencing September 20, 2012, with an expiration date of September 30, 2032. This leaves approximately 7.9 years remaining on the base lease term, with six, 5-year lease options including 1.25% annual rent bumps. The current annual net operating income (NOI) is $95,000, representing a 7.00% cap rate on the asking price of $1,357,000. The property benefits from its proximity to major roadways, including I-75 (68,600 VPD) and is conveniently located near Mercer University, Central Georgia Technical College, and Macon Mall (undergoing a significant redevelopment). The strong demographics of the area, with over 70,300 residents and an average household income exceeding $54,600, further enhance the investment potential. This is a truly exceptional opportunity for a passive income investment with minimal landlord responsibilities. The property is 100% occupied and offers a secure, long-term investment with a credit-rated, corporately guaranteed tenant.