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2840 Riverside Dr
Macon, GA 31204

Price Upon Request

Freestanding For Sale  •  1,399 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 1,399 SF
  • Lot Size 0.61 AC
  • Building Class C
  • Year Built 2001
  • Tenancy Multiple
  • Zoning C-4
0 Transit Score
31 Walk Score

Highlights

New 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
Renovated During 2019 and Have New Dealers in Place When the Grand Re-Opening Occurs in June
Four (4) x Five (5) Year Options to Renew With 2% Annual Rent Increases – Next Increase Set to Occur on 10/1/2020
Blended CAP Rate of 8.89% Over Lease Term
Guarantor Supplied Over 200 Million Gallons of Fuel to Over 300 Locations During the 12-Month Period (Ended 12/31/2019)
Strong Store Performance – 3.8 x Rent Coverage

Major Tenants

Tenant SF Occupied Lease End Date
Marathon 1,242 SF 9/30/2039

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes