3614 Mercer University Dr Macon, GA 31204-4906
Property Lookup
Property profile & analytics
3614 Mercer University Dr Macon, GA 31204-4906
- Banks
- 3,357 SF
- 0.69 lot acres
Property ID
US22-2229112
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
- Banks
Property Details for 3614 Mercer University Dr
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.69 lot acres
- Property size
- 3,357 SF
- Zone code
- C-2
- Property type
- Banks
- APN
- M084-0227
- APU
- M0840227
Description
This exceptional investment opportunity presents a fee simple interest in a 3,565-square-foot Truist Bank building located at 3614 Mercer University Dr, Macon, GA 31204. The property boasts a strong financial performance, with annual deposits exceeding $96.8 million, significantly outperforming the national average for similar branches. This success is reflected in Truist's long-term commitment, evidenced by a lease with approximately 11.4 years remaining until March 31, 2036, including a five-year renewal option. The lease structure is a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, providing a passive investment opportunity for the buyer. Annual rent increases of 2% are built into the lease, ensuring consistent growth in income. The building, constructed in 1975, sits on a 0.69-acre lot and includes 18 parking spaces. Its prime location on Mercer University Drive (24,700 vehicles per day) and Bloomfield Road (8,690 vehicles per day), near Macon Mall and other major retailers, ensures high visibility and accessibility. The property's strong performance, long-term lease, and prime location make it an attractive investment with a 6.25% cap rate and a $2,304,000 asking price ($646.28 per square foot). The building is a single-story structure with a 100% occupancy rate and a net operating income (NOI) of $144,000. Truist Financial Corporation (NYSE: TFC), a top 10 US commercial bank with over $543 billion in assets (as of September 2023), is the tenant. This location ranked in the top 18% of all Truist Bank locations nationwide in the past 12 months. The surrounding area has a dense population of over 90,000 residents within a 5-mile radius.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.6962
- Latitude
- 32.8209
- 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
$4,948
$0.00
$167,051
$167,051
-
$0.00
$417,628
$417,628
