4040 Riverside Drive
$2,800,000
4040 Riverside Drive Macon, GA 31210
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About this listing
High traffic location - 13,600± AVG VPD (2023 GDOT)
Located within 1/2 mile of Interstate 75 (Exits 169 & 171)
Adjacent to Suburban Studios and Wingate by Wyndham
Two large apartment complexes nearby
Investment Property in Georgia
Tenant: Cheddar’s Casual Cafe
Triple Net Lease
Lease Term: 15 Years; Expiration March 31, 2031
Annual Rent: 2025: $182,750.04
Annual Rent: 2026-2031: $196,456.30
SubTenant: Pedro’s Tacos & Tequila of Macon
Annual Rent: 2025 - $126,230.61
Increases 2% per year
8,170± SF Building (Bar, Dining Room, Full Kitchen)
2.83 Acres; 330’± Frontage on Riverside Drive; Two curb-cuts
Built in 2001
Ample Parking
Roof: Mixed (Flat/Hip) / Weatherwood 30-year architectural GAF HDZ Shingles (Replaced 2023)
Single meter electrical; 3-Phase / 4 Wire
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Cap Rate
6.5%
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NOI
$182,750
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Building Size
8,170 sqft
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Lot Area
2.83 acres
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Lease Type
Triple Net
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Year Built
2001
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Zoning
C2
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Roof
Replaced 2023
DESCRIPTION
- • Annual Tax: $ 18676.0
- • Max Contiguous Area: 8170.0
- • Min Divisible Area: 8170.0
