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4755 IVEY DR
MACON, GA 31206-5355
Asking Price
$2.65M
Cap Rate
6.75%
Asset Type
Storefront Retail
Class
Class B
What's Special
Absolute Net Lease | Corporate Lease | Located In A Dense Retail Corridor <p>• Absolute net lease | Zero landlord responsibilities</p><p>• Desirable lease term | 8.5+ years remaining</p><p>• Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the U.S.</p><p>• The tenant agreed to extend the lease two separate times for 10 years, showing their commitment to this location</p><p>• Located inside of dense retail corridor | 1.5M SF within a 2-mile radius</p><p>• Long operating history | Leased since 2000</p><p>• Large parcel | 5.03 acres</p><p>
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NOI
$80,000
Cap Rate
3.02%
DSCR
0.51
Underwater
Cash-on-Cash
-9.73%
Monthly Payment
$13,120.649
Annual Cash Flow
$-77,447.788
