Vacant Medical Office 1020 Riverside Drive Macon, GA 31201 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY
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1 Vacant Medical Office 1020 Riverside Drive Macon, GA 31201 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: SOLOMON COLVIN, III BILL ROBERTSON ANDREW ACKERMAN Lic. # 205030 Lic. # 403061 Lic. # 311619 770.744.4555 | DIRECT 770.672.5614 | DIRECT 770.626.0445 | DIRECT [email protected] [email protected] [email protected] 1501 Johnson Ferry Road, Suite 200 Marietta, GA 30062 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS 04 06 11 INVESTMENT OVERVIEW PROPERTY OVERVIEW AREA OVERVIEW Investment Summary Property Images City Overview Investment Highlights Location, Aerial & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all proJections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these proJections, market assumptions and cash flow analysis are subJect to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY Sands Investment Group is Pleased to Exclusively Offer For Sale the 7 , 596 Vacant Medical Office Building Located at 1020 Riverside Drive in Macon, GA, on 0 . 74 Acres. With a Limited Supply of Office Space on the Market in Macon, This Building Provides For a Great Opportunity to Create Value in a Strong Market. OFFERING SUMMARY PRICE $750,000 PRICE PER SF $98.74 PROPERTY SUMMARY ADDRESS 1020 Riverside Drive Macon, GA 31201 COUNTY Bibb BUILDING AREA 7,596 SF LAND AREA 0.74 AC YEAR BUILT | RENOVATED 1978 | 2001 5 VACANT MEDICAL OFFICE HIGHLIGHTS § Perfect Owner | User Opportunity § Situated Less Than 2-Miles to the Mercer University That Enrolls Over 9,000 Students and 1,900 Staff Members § Located at the Corner of Riverside Drive and Franklin Street in the Middle of Macon’s Central Business District § Known as the “Heart of Georgia” Because of its Central Location and Major Transportation Hub § The City is Home to Two Airports Allowing For Easy § Excellent Demographics With a Population of 86,958 Travel to and From Macon Residents Making an Average Household Income of $46,223 Within a 5-Mile Radius § Macon Has 14 Historic Districts With Over 5,500 § Nearby Tenants Include: Zaxby's, Checkers, Burger Historic Buildings Drawing People in From All Over King, Waffle House, Kroger, Walmart Supercenter, the Country Subway, McDonald's, Little Caesars, Family Dollar, Dunkin’, Wells Fargo and More § Macon is Located About 1 Hour South of Atlanta at the Crossroads of Two Major Highways, I-75 and I-16 ACTUAL PROPERTY IMAGES 6 ACTUAL PROPERTY IMAGES 7 OWNER | USER OPPORTUNITY MACON 8 2nd Street Spring Street Riverside Drive OWNER | USER OPPORTUNITY 9 Franklin Street OWNER | USER OPPORTUNITY Riverside Drive 10 Gray Hwy OWNER | USER OPPORTUNITY Riverside Drive MACON | BIBB COUNTY | GEORGIA Macon-Bibb County is located in the central part of the state, approximately 80 miles south of Atlanta on 11 Interstate 75. As a consolidated entity, the government is considered both a city and county. The Macon- Bibb County had a population of 156,176 as of July 1, 2020. The city encompasses more than 53 square miles. Macon-Bibb County Georgia's consolidated government and local business community works together to enhance the economic climate and to attract new businesses and visitors, expand existing industry, and to recruit new residents. An abundance of water (the most precious natural resource and voted "the nation's best-tasting water"), a central geographic location, and a collaborative economic culture position Macon, Georgia as an ideal place for business relocation. Nicknamed the “Heart of Georgia,” Macon has several institutions of higher education, as well as numerous museums and tourism sites. The city is home to Mercer University, Macon State College, Wesleyan College, Central Georgia Technical College, as well as campus branches of several other regional university systems. Macon is strategically located at the intersection of I-75 and I-16, has two maJor railroad lines, is home to the largest rail switching center on the East Coast and benefits from a growing regional airport. Gifted with an expansive historic district, the city’s central business district is redeveloping in ways attractive to tourists and people looking to relocate in a walkable, bikeable, urban setting. Greater Macon GA looms large as the financial, retail, medical, educational, and cultural center of Middle Georgia. Top employers in Macon GA are impressively diverse among industries, as well, with education, health care, aerospace, manufacturing, government, insurance, retail, and financial services strongly represented in workforce numbers. MaJor employers within Macon-Bibb County include GEICO, Navicent Health Medical Center, the Bibb County School District, Coliseum Health System, Mercer University, Macon- Bibb County Consolidated Government, and YKK, Inc. Downtown Macon is a vibrant hub of activity. The Georgia Sports Hall of Fame, Historic Douglass Theatre, Tubman African American Museum, Hargray Capitol Theater, Grand Opera House, and City Auditorium and Centreplex anchor the downtown entertainment district. The Museum of Arts and Sciences, located centrally in Macon-Bibb County, is Georgia’s largest museum devoted to the arts and sciences. Restaurants and entertainment venues used to be located primarily on Cherry Street, but in recent years have begun opening throughout the entire footprint of Downtown. Macon residents have been influential in the music scene of the country. The Georgia Music Hall of Fame is located in the city. At one time, it had more than 300,000 Yoshino Cherry trees. The residents sometimes call their town the "Cherry blossom capital of the world." The International Cherry Blossom Festival is a maJor event, featuring music, arts and crafts, parades, numerous markets and dancing. Other noteworthy festivals and events include the Pan-African Festival, Ocmulgee Indian Celebration, the Georgia Sate Fair and the Bragg Jam. MaJor venues include the Douglass Theater, Macon Centerplex, Macon Coliseum, Central City Park, Cox Capitol Theatre, Grand Opera House and the Macon Little Theater. NAVICENT HEALTH MEDICAL CENTER MACON COLISEUM AND CENTREPLEX MACON GA Riverside Dr 3 MILES 5 MILES 10 MILES 12 POPULATION 41,703 86,958 162,702 AVERAGE HH $41,949 $46,223 $60,084 INCOME (26,410 VPD) OWNER | USER OPPORTUNITY (91,952 VPD) (87,300 VPD) SANDS INVESTMENT GROUP 13 CONFIDENTIALITY AGREEMENT The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. ACTUAL PROPERTY IMAGE EXCLUSIVELY MARKETED BY: 14 SOLOMON COLVIN, III BILL ROBERTSON Lic. # 205030 Lic. # 403061 770.744.4555 | DIRECT 540.255.5496 | DIRECT [email protected] [email protected] In Cooperation With Sands Investment Group ANDREW ACKERMAN Atlanta, LLC - Lic. # 67374 Lic. # 311619 770.626.0445 | DIRECT [email protected] Vacant Medical Office 1020 Riverside Drive Macon, GA 31201.