Storefront For Sale
36,595 Sq Ft
W. Scott Wilson Properties, LLC is please to offer Baconsfield Shopping Center, a 36,595 sq ft Kroger shadow strip center in Macon, Ga. Great opportunity to acquire a well-maintained multi-tenant commercial plaza with a stabilized cash flow already in place. The subject property is in a Federal Opportunity Zone, an attractive investment vehicle created for investors to take advantage of the recent tax code changes. The changes allow for a reduction in capital gains tax through investments in qualified Opportunity Zones.
The property is located at the intersection of Gray Highway(43,900 VPD) and I-16 (83,900 VPD) and serves all of the downtown Macon area and East Macon. The Kroger is a corporately owned store. The small shop occupancy historically has been 90% and above for many years and currently has 100% occupancy. Most have been there for many years with some over 15 years or longer. Grifols Biomat , the largest tenant , is a national plasma center that elected to exercise their first 5-year renewal early and currently have until 9/30/2024 until lease expiration. El Sombrero is the second largest tenant has been in the center since 1993.