Family Dollar | Recent 10 Year Extension

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2529 Houston Avenue
Macon, GA

Price: $1,259,000

Cap: 7.15%

NOI: $90,000

Building Size: 8,000 SF

Lot Size: 1.04 AC

Investment Highlights

SIGNALIZED INTERSECTION DIRECTLY OFF INTERSTATE 75 (78,100 VPD)

• Positioned at the signalized intersection of Highway 80 & Houston Ave with a combined 27,660 Vehicles per Day.

• The subject property is located directly off Interstate 75 (78,100 VPD). Interstate 75 is a major interstate in GA that connects Macon to downtown Atlanta.

2 MILES FROM MERCER UNIVERSITY (9,164 STUDENTS & 2,056 FACULTY MEMBERS)

• Mercer is the oldest private university in GA and has 9,164 students enrolled with 2,056 faculty members.

• The Princeton Review, in its 2018 "Best 382 Colleges" guide, ranks Mercer in the top 10% of all colleges and universities nationwide.

• Mercer University's final fall 2023 enrollment figures show the largest headcount in the history of the University with a record overall enrollment of 9,164 students. The student count continues to increase year over year.

NEAR PRIMARY RETAIL CORRIDOR IN MACON

• The primary retail corridor in Macon is on Hwy 80 and only 2 miles from this Family Dollar.

• National Retailers in the corridor include Publix, Lowe’s Home Improvement, Home Depot, ALDI, Kroger and more.

9 YEAR CORPORATE LEASE WITH DOLLAR TREE | 22 YEAR OPERATING HISTORY

• Family Dollar has been operating successfully at this location since 2002 and signed a new 10 year lease extension in May 2023.

• There are 9 years remaining on the 10 year NN Corporate Lease with Dollar Tree.

• Tenant is responsible for parking lot resealing or restriping, Insurance, HVAC, Utilities, and pays for Taxes directly.

• There are limited Landlord responsibilities which include Roof, Structure and Parking Lot.

• The rent increases by 10% every 5 years in each of the four, 5-year option periods.

TRANSFERABLE ROOF WARRANTY

• There is a transferable roof warranty that is active until June 2036. • The parking lot was resealed and restriped in April 2024.

INVESTMENT GRADE TENANT

• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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