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Cherokee Shopping Center 808-888 Pio Nono Ave 33,401 SF 96% Leased Retail Building Macon-Bibb, GA 31204 $2,317,455 CAD ($69.38 CAD/SF) 11% Cap Rate
Investment Highlights
- Value-Add Retail Center
- Prime Location & Visibility
- Recent Capital Improvements
- Nationally Anchored by Family Dollar
- Diverse Tenant Mix
Executive Summary
Value-Add Retail Center
• 96% occupied with stable in-place income and significant opportunity for rent growth, lease-up, and strategic expansion.
Nationally Anchored by Family Dollar
• The presence of Family Dollar as a credit tenant provides a strong foundation for investor confidence and consistent
consumer draw.
Prime Location & Visibility
• Exceptional frontage along Pio Nono Avenue, one of Macon’s primary retail corridors, with exposure to 15,900 vehicles per day and direct access to I-75.
Diverse Tenant Mix
Anchored by a blend of creditworthy national tenants and long-term local businesses, creating a durable and balanced rent roll.
First Time to Market
• Family-owned and operated for over 30 years—a generational opportunity to acquire a proven retail asset in central Georgia.
Recent Capital Improvements
• Significant recent investments including a new roof installation on one building and a seal-coated, striped parking lot,
minimizing near-term capital requirements.
Strong Demographics & Market Fundamentals
• Nearly 100,000 residents within a 5-mile radius and Macon’s status as a regional hub for healthcare, education, and
logistics support long-term tenant demand.
• 96% occupied with stable in-place income and significant opportunity for rent growth, lease-up, and strategic expansion.
Nationally Anchored by Family Dollar
• The presence of Family Dollar as a credit tenant provides a strong foundation for investor confidence and consistent
consumer draw.
Prime Location & Visibility
• Exceptional frontage along Pio Nono Avenue, one of Macon’s primary retail corridors, with exposure to 15,900 vehicles per day and direct access to I-75.
Diverse Tenant Mix
Anchored by a blend of creditworthy national tenants and long-term local businesses, creating a durable and balanced rent roll.
First Time to Market
• Family-owned and operated for over 30 years—a generational opportunity to acquire a proven retail asset in central Georgia.
Recent Capital Improvements
• Significant recent investments including a new roof installation on one building and a seal-coated, striped parking lot,
minimizing near-term capital requirements.
Strong Demographics & Market Fundamentals
• Nearly 100,000 residents within a 5-mile radius and Macon’s status as a regional hub for healthcare, education, and
logistics support long-term tenant demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
33,401 SF
Building Class
B
Year Built
1960
Price
$2,317,455 CAD
Price Per SF
$69.38 CAD
Cap Rate
11%
NOI
$254,920 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.65 AC
Zoning
C-1 - Commercial
Parking
50 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $114,545 CAD | |
| Land Assessment | $50,868 CAD | Total Assessment | $165,413 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$50,868 CAD
Improvements Assessment
$114,545 CAD
Total Assessment
$165,413 CAD
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Cherokee Shopping Center | 808-888 Pio Nono Ave
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