Rivergate Shopping Center | NNN Multi Tenant Shopping Center
$3,843,985
121 Tom Hill Sr Boulevard, Macon, GA 31210
For Sale
Retail
Neighborhood Center
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
Documents:
Title | ||
---|---|---|
Offering Memorandum |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location

Gallery

