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Rivergate Shopping Center | NNN Multi Tenant Shopping Center

$3,843,985

121 Tom Hill Sr Boulevard, Macon, GA 31210

Pending
Last Updated: 09/03/2021

6.5

Cap Rate

249,859

NOI

Details:
Cap Rate:    6.5%
NOI:    $249,859
Building Size:    7,720 sqft
Lot Area:    1.25 acres
Lease Type:    Triple Net
Year Built:    1989
Price Per Sqft:    $497.93
Highlights:
  • 7,720 SF Outparcel That Sits Directly on Tom Hill Sr Boulevard
  • Includes a Starbucks & Dunkin’/Baskin Robbins That Are on Either Side of a 3 Tenant Building
  • Starbucks Has a New 10 Year Lease Renewal; the Tenant Has Been at This Location Since 2005, Demonstrating Commitment to the Site
  • Dunkin’/Baskin Robbins Recently Renewed its Lease For 15 Years Which Expires in 2035 and Has Been at This Location Since 2005
  • Papouli’s , a Greek Restaurant, Has Been in Place For Over 10 Years
  • Subway Has Been in Place Since 1990
  • Strong Traffic Counts – Over 21,900 Vehicles Per Day on Tom Hill Sr Boulevard
  • Located on One of the Strongest Retail Arterials Within Macon
  • Close to a Number of a Hotels and Macon Conference Center
  • Located 4-Miles to Wesleyan College
  • Other Nearby Tenants Include: Kroger, Chick-fil-A, Taco Bell, McDonald’s, Chipotle, Wendy’s, Burger King, Family Dollar, Panda Express and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,720 SF Rivergate Shopping Center. This Outparcel Includes Two Freestanding Restaurants, Starbucks and Dunkin’/Baskin Robbins, Which Are on Either Side of a 3 Tenant Building. Starbucks Recently Executed a 10 Year Extension at This Location, While Dunkin Also Recently Renewed Its Lease For 15 Years Extending it Until 2035. The 3 Tenant Building Includes Subway, Papouli’s and Xhale City.



In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery