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Marco's Pizza 2910 Riverside Dr 3,575 SF Retail Building Macon-Bibb, GA 31204 $1,246,914 CAD ($348.79 CAD/SF) 6.25% Cap Rate
Investment Highlights
- CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE
- ATTRACTIVE LEASE FUNDAMENTALS
- LONG OPERATING HISTORY WITH RECENT EXTENSION
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- Marco’s Pizza has signed a 10 year lease with 2.5% annual increases with four (4) five (5) year extensions
- Abs. NNN with Zero Landlord Responsibilities
LONG OPERATING HISTORY WITH RECENT EXTENSION
- Tenant has been operating at this location for over 10 years
- Tenant recently signed a 10 year extension, showing commitment to the site
- MPZ Holdings has 30+ locations across the southeast with experience franchising Marco’s Pizza Locations
POSITIONED IN A DENSE RETAIL NODE
- More than 711K SF of retail space within 1 mile
- Nearby national retailers include: Kroger, Pet Supermarket, Ace Hardware, The Rivergate Shopping Center, NorthPark Center Shopping Mall, and more
RECENT INVESTMENT IN MACON, GA
- Macon, GA was named in the Site Selection Magazine’s “Top 10 Metro Cities”
- Tourism in Macon, GA has added over $22 million in value to the city in the last year
- Within the last 5 years the city of Macon, GA has seen private investments exceeding $1 billion
CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE
- Site is positioned off of busy Riverside Drive (24.7K VPD) and is just north of exit 167 of I-75 (62.1K VPD)
- Exit 167 sees commuters who work in and around Macon, GA all day long and benefits from the easy access off the highway
NEARBY MARKET DRIVERS
- Just west of the site is the Rosa Taylor Elementary School with more than 578 students enrolled
- South of the site is the Northwoods Academy with around 300 students
- Along Riverside Drive are the Car Dealerships of Macon, GA bringing in a large customer base for the surrounding retail
- Marco’s Pizza has signed a 10 year lease with 2.5% annual increases with four (4) five (5) year extensions
- Abs. NNN with Zero Landlord Responsibilities
LONG OPERATING HISTORY WITH RECENT EXTENSION
- Tenant has been operating at this location for over 10 years
- Tenant recently signed a 10 year extension, showing commitment to the site
- MPZ Holdings has 30+ locations across the southeast with experience franchising Marco’s Pizza Locations
POSITIONED IN A DENSE RETAIL NODE
- More than 711K SF of retail space within 1 mile
- Nearby national retailers include: Kroger, Pet Supermarket, Ace Hardware, The Rivergate Shopping Center, NorthPark Center Shopping Mall, and more
RECENT INVESTMENT IN MACON, GA
- Macon, GA was named in the Site Selection Magazine’s “Top 10 Metro Cities”
- Tourism in Macon, GA has added over $22 million in value to the city in the last year
- Within the last 5 years the city of Macon, GA has seen private investments exceeding $1 billion
CLOSE PROXIMITY TO BUSY COMMUTER THOROUGHFARE
- Site is positioned off of busy Riverside Drive (24.7K VPD) and is just north of exit 167 of I-75 (62.1K VPD)
- Exit 167 sees commuters who work in and around Macon, GA all day long and benefits from the easy access off the highway
NEARBY MARKET DRIVERS
- Just west of the site is the Rosa Taylor Elementary School with more than 578 students enrolled
- South of the site is the Northwoods Academy with around 300 students
- Along Riverside Drive are the Car Dealerships of Macon, GA bringing in a large customer base for the surrounding retail
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,575 SF
Building Class
C
Year Built
1967
Price
$1,246,914 CAD
Price Per SF
$348.79 CAD
Cap Rate
6.25%
NOI
$77,932 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.69 AC
Zoning
C-4
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Headquartered in Toledo, Ohio, Marco’s Pizza is one of the fastest-growing pizza brands in the United States. Marco’s was founded in 1978 by Italian-born Pasquale (“Pat”) Giammarco and thrives to deliver a high-quality pizza experience, known for its dough made from scratch and its three fresh signature cheeses. The company has grown from its roots as a beloved Ohio brand to operate over 1,200 stores in 35 states with locations in Puerto Rico, the Bahamas, and Mexico.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | O054-0153 | Improvements Assessment | $197,701 CAD |
| Land Assessment | $164,468 CAD | Total Assessment | $362,169 CAD |
Property Taxes
Parcel Number
O054-0153
Land Assessment
$164,468 CAD
Improvements Assessment
$197,701 CAD
Total Assessment
$362,169 CAD
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Marco's Pizza | 2910 Riverside Dr
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