AT&T / Sleep Number - Macon

Highlights:

• $5,635,000
• 5.85% cap
• NOI - $329,631
• 6,800 sf
• 50 parking spaces - 7.4/1,000 sf
• All Corporate Leases

Description:

LOCATION, Location, location.  The subject property shares the intersection with The Shoppes at River Crossing (a 750,000 sf super regional retail center).  It’s home to over 70 of the country's most popular retailers including Belk, Dillard’s, Dick’s, Buckle, Bone Fish Grill, H&M, JoAnn Fabrics, Kirkland’s, Olive Garden, and PetSmart.  The intersection links to a customer base well beyond the typical due to its immediate access to Interstate Highway 75 and several state highways.  Additional, far reaching attractions include the grouping of luxury auto dealers surrounding the property including Mercedes Benz, Acura, Volvo, VW, BMW and several others.


Nearly ½ of Macon’s workforce are employed in either Healthcare (16.2%), Education (10.4%), Retail (12.4%), or Manufacturing (8.54%).  AT&T has been a tenant since the property was placed in service in 2008.  This location has more annual visits than 80% of their nearly 5,500 locations nationwide.  Sleep Number relocated from The Shoppes at River Crossing (across the street) to our location offering far superior visibility and access.


The property shares a signalized intersection with The Shoppes at River Crossing and is visible to its 18.300 vpd.  Access is from both  Sheraton Drive & Riverside Drive.  Parking is plentiful with a 5.3/1,000 sf parking ratio.  Immediate access to interstate highway 75 and several state highways provide tremendous linkage far beyond the immediate area.  Macon's discretionary income is greater than the USA average granting consumers more spending money. 

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