Fall Line Plaza
Macon, Georgia
2
Fall Line Plaza
PROPERTY DETAILS
Address
1425 Rocky Creek Rd
Macon, GA
Year Built
1987
Acreage
6.3 acres
Square
footage
55,158
Occupancy
95%
Anchor
Piggly Wiggly
Tenants
Family Dollar, Title Max,
Boost Mobile, Sunbelt
Credit
NOI
$240,000
INVESTMENT HIGHLIGHTS
Asking Price
$2,775,000
Cap Rate
8.65%
Fall Line Plaza is a 55,158 square foot Piggly Wiggly/Family Dollar anchored shopping center just south of Downtown Macon, GA
and a few yards from I-75. Piggly Wiggly has been a strong operator here for over 30 years and continues to show strong sales with
a most recent years sales increase of nearly 20% and a health ratio of well below 3%. With the recent renewal of Family Dollar
through 2021, over 92% of tenants at Fall Line have term remaining beyond 2020 presenting an investor with stable income and
the chance to grow NOI through lease up of vacant space, renewals, and rent increases with tenants well below market rent.
- Grocery Anchored
- Strong Anchor Sales
- Health ratio well below 3%
- Year over year sales growth of almost 20%
- Substantial term remaining for all tenants
- Recent Renewal (Family Dollar)
- Title Max Outparcel included
- New Roof
- Strong traffic with over 82,000 cars daily on Pio Nono (18,625), Rocky Creek (19,085) and I-75 (43,870)
LOCATION
Macon is a unique city where culture, commerce and community flourish. Situated on the Fall Line where the Piedmont plateau
meets the flat Coastal Plains, the area has been an ideal location for communities to thrive. Ideally situated in the Heart of
Georgia, Macon is among the largest metropolitan areas in Georgia, and the county seat of Bibb County. Macon is the sixth-largest
city (by population) and third-largest Metropolitan Statistical Area in Georgia, behind Atlanta and Augusta. Robins Air Force Base,
a major employer, is south of the city in Warner Robins. The area is also home to several institutions of higher education, as well
as numerous museums and tourism sites. The area is served by the Middle Georgia Regional Airport and the Herbert Smart
Downtown Airport.
DEMOGRAPHICS
Population
HHI
1 Mile
4,853
$32,223
3 Mile
40,015
$34,021
5 Mile
80,213
$43,208
EXECUTIVE SUMMARY
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Fall Line Plaza
EXECUTIVE SUMMARY
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Fall Line Plaza
EXECUTIVE SUMMARY
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Fall Line Plaza
EXECUTIVE SUMMARY
CONTACTS
David Rivers
Ryan McArdle
Steve Collins
Vice President
706.840.0055
Vice President
706.631.8897
Vice President
706.564.8556
[email protected]
[email protected]
[email protected]
SOUTHEASTERN
2743 Perimeter Parkway
Bldg. 100, Suite 370
Augusta, GA 30909
www.southeastern.company
Southeastern is a full-service commercial real estate firm. The Investment Team specializes in well positioned anchored or unanchored retail properties throughout the
country. Their proven track record on both the acquisition and disposition sides are a direct result of their understanding of the market place, appropriate asset valuation
based off current market conditions and the alignment of asset to the most suitable and qualified Buyer/ Seller.