Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 4925 Bloomfield Rd
- Year built
- 2003
- Lot size
- 1.58 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional retail investment opportunity presents a fee-simple, 11,800 square foot property located at 4925 Bloomfield Road, Macon, Georgia 31206. The property features a diverse tenancy of four units, currently operating at 100% occupancy, anchored by a Family Dollar store with a long-term lease extending to 2031, including built-in rent bumps. The building, constructed in 2003, sits on a 1.58-acre lot with ample parking (45 spaces). The property boasts a strong net operating income (NOI) of $122,046, resulting in an attractive 8.75% cap rate. The asking price is $1,395,000, translating to $118.22 per square foot. Situated in a high-traffic area with over 21,000 vehicles passing daily, the property benefits from its proximity to major retailers such as Walmart, Sam's Club, and Chick-fil-A, as well as several higher education institutions, including Middle Georgia State University and Mercer University. This prime location, combined with the strong tenancy and lease terms, offers a secure and potentially lucrative investment opportunity with significant upside potential through repositioning of a 4,000 square foot portion of the building currently occupied by three long-term tenants. The property is classified as Class A, with a double net (NN) lease structure. This is a multi-tenant property offering stability and diversification of income streams.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.7074
- Latitude
- 32.8057
