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3801 Northside Drive

3801 Northside Drive : Macon, GA 31210

Bibb County, Georgia

1 Acre
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Property Description

The offering is comprised of an approximately.51-Acre plot, along with the fee-simple ownership rights to a single-tenant medical office that is 100% leased to MyEyeDr. Optometry of Georgia LLC a division of Capital Services LP. The Property features approximately four and one half (4.5) years remaining on a five (5) year lease with two (2), five (5) year options to renew. The lease features five (5%) percent annual rental increases during the term and options. with a net operating income of $136,824 this represents an attractive cap rate of 6.84%. The Property is ideally located along Northside Drive, which sees more than 23,000 vehicles per day (Vpd). The surrounding market also supports above national average household income of $60,000, There is more than one million square feet of retail within five miles of the subject with national brand tenants such as Kroger, Publix, Panera Bread, Starbucks, and Chick Flia. The local market has also experienced significant capital commitment with the new Spine Center under construction across the street by Ortho Georgia Orthopedic Surgery Center, one of the largest surgery centers of its kind in Georgia.

More Property Details

Commercial Zoning
Paved Road Access
Electricity Service
Telephone Service
Water Service
Sewer Service
Cable TV Service
Cell Service
COMMERCIALFLIP ID
180890
Posted on COMMERCIALFLIP
898 Days Ago
Last Updated
637 Days Ago
Views
47

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