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2019 Copyright - Southeast Retail Investment Sales team

WESTGATE CENTER

2525 Pio Nono Ave  |  Macon, GA 31202

Square Footage: ± 411,195 

Year Built: 1961; Renovated: 1997

Occupancy: 46%

VALUE-ADD RETAIL OPPORTUNITY IN THE HEART OF THE SUNBELT

Meaningful Upside - The subject property is a legitimate value-add opportunity at deep-discount-to-replacement-cost pricing and substantial future upside.

STRONG SITE FUNDAMENTALS
Signalized entrance intersection on US 41/Pionono Ave.
Multiple points of ingress and egress on US 41/Pionono Ave. and US 80/Eisenhower Pkwy.

HIGH-TRAFFIC, MIDDLE-OF-TOWN LOCATION 
Westgate Center is situated at the confluence of two US Highways, just ¼ mile from an interstate exit, with 26,800 vehicles per day in front of the site on US 80/Eisenhower Pkwy and 19,200 vehicles per day on US 41/Pionono Ave.

LOCATED IN A QUALIFIED FEDERAL OPPORTUNITY ZONE
Westgate Center is located within a Federally designated Opportunity Zone, a program established in the Tax Cuts and Jobs Act of 2017 that provides significant tax benefits and preferential tax treatment to investors.

MACON, GA - "THE HEART OF GEORGIA"
Macon is the state’s fourth largest city, located at the confluence of I-16, connecting to the Port of Savannah, and I-75, connecting to Atlanta just 90 minutes north, and much of the Eastern United States.  Macon is the largest city in the Macon-Warner Robins Combined Statistical Area, with over 420,000 residents.  The property is located just 10 miles north of Robins Air Force Base, home of the 48th Infantry Brigade Combat Team and the Georgia Army National Guard, and less than two miles south of Mercer University’s main campus, the oldest private university in Georgia, with over 8,600 students. 

Acres: ±43.08

NOI: $360,804​