17002 Ga Hwy 129 Macon, GA 31217-8544
Property profile & analytics
17002 Ga Hwy 129, Macon, GA 31217-8544
- Outlet malls
- 9,432 SF
- 2.34 lot acres
Property ID
US22-3257811
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
Property Details for 17002 Ga Hwy 129
- Year built
- 2018
- Construction
- STEEL FRAME
- Lot size
- 2.34 lot acres
- Zone code
- COMM
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- T008D 092
- APU
- T008D092
Description
This exceptional portfolio comprises two strategically located retail properties: a Dollar General in Macon, Georgia (built 2018), and a combined Dollar Tree/Family Dollar in Steinhatchee, Florida (built 2021). Both boast strong corporate guarantees from investment-grade rated companies (Dollar General Corp. and Dollar Tree, Inc.). The Macon property benefits from its location in Georgia's fourth-largest city, offering a robust market and a long-term lease with multiple option periods including 10% rent increases. The Steinhatchee location, a build-to-suit property, features a 20-year transferable roof warranty and a unique position as one of only two stores in the city selling alcohol, adding to its revenue potential. Florida's tax-free status further enhances the investment's attractiveness. The portfolio offers a 7.35% cap rate and presents a compelling opportunity for investors seeking a stable, high-yield return in the resilient dollar store sector. Both properties are absolute NNN leases, eliminating landlord responsibilities. The Macon property is a brick construction building, ensuring durability and long-term value. The Steinhatchee property has over seven years remaining on its current lease term. This portfolio represents a rare opportunity to acquire a diversified, high-performing retail investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,085,000
- ML approach
- $1,075,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,495,000
- 6.5%
- $1,380,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $841,000
- AI Estimate
- $849,000
Market price range: $353k - $1.28MMarket price range: $504k - $1.29M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $830,000 Current use
- RESTAURANT
- $1,515,000 Change: +82% Conversion: Easy
- MEDICAL BUILDING
- $1,210,000 Change: +45% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $910,000 Change: +9% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $790,000 Change: -5% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $715,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Twiggs
- State
- Georgia
- Longitude
- -83.5449
- Latitude
- 32.7102
- CBSA code
- 31420
- CBSA name
- MACON, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,035
$80,200
$171,603
$251,803
-
$200,500
$429,007
$629,507
