Oakridge Power Center
Property Value
$4,200,000
Square Feet
420,000
Year Built
2001
Monthly NOI
$38,200
Occupancy
94%
Lease Type
NN
Property Details
Property Name
Oakridge Power Center
Property Type
Commercial Retail
Year Built
2001
Lot Size
28.5 acres
Leasable Area
420,000 sq ft
Lease Type
NN
Primary Tenant
Multi-Tenant (12)
Status
active
Location
City
Macon
State
GA
Market
Macon Metro
Submarket
Macon CBD
Interactive map — Macon, GA
Financial Summary
Property Value
$4,200,000
Monthly NOI
$38,200
Annual NOI
$458,400
Cap Rate
10.9%
Core Lease Terms
Lease Type
NN
Lease Commencement
Jan 2019
Lease Expiration
Various
Lease Term
15 years
Remaining Term
8.4 years
Tenant
Multi-Tenant (12)
Financial Terms
Base Rent (Annual)
$527,160
Base Rent (Monthly)
$43,930
Rent per Sq Ft
$1.26
Security Deposit
$76,400
CAM Charges
$1260.00/mo
Monthly NOI
$38,200
Renewal Options
Number of Options
3
Option Term
5 years each
Notice Period
180 days
Renewal Rate
Fair Market Value
Right of First Refusal
Yes
Rent Escalations
Escalation Type
Fixed Annual
Annual Increase
2.5%
CPI Cap
4.0%
CPI Floor
1.5%
Year 1-3
2.0%
Year 4-6
2.5%
Year 7-10
3.0%
Year 11+
CPI
Certificate of Insurance (COI)
General liability and property insurance coverage verified for Multi-Tenant (12).
HVAC Certification
Annual HVAC inspection and maintenance certification. Due for renewal within 45 days.
Fire Safety Inspection
Fire alarm systems, sprinkler inspection, and emergency exit compliance verified.
ADA Compliance
Americans with Disabilities Act accessibility requirements met. Last audit completed.
Phase I Environmental
Phase I Environmental Site Assessment. No recognized environmental conditions identified.
Roof Warranty
20-year roof membrane warranty. Inspection required to maintain warranty validity.
Quarterly HVAC Filter Replacement
Scheduled
Replace all HVAC filters (MERV-13) across 4 rooftop units. Includes coil inspection and belt tension check.
Parking Lot Restriping
In Progress
Full parking lot restriping including ADA spaces, fire lanes, and directional arrows. Weather-dependent completion.
Emergency Roof Leak Repair
Completed
Repaired 12 sq ft section of TPO membrane near northwest corner drain. Applied additional sealant to adjacent seams.
Annual Fire Suppression Inspection
Completed
Annual fire sprinkler system inspection and testing. All zones passed. Replaced 2 corroded heads in back storage area.
Exterior LED Lighting Upgrade
Completed
Replaced 24 exterior HID fixtures with LED equivalents. Includes parking lot, building perimeter, and signage lighting.
Multi-Tenant (12) - Executed Lease Agreement.pdf
Certificate of Insurance - Multi-Tenant (12).pdf
Rent Roll - Oakridge Power Center.xlsx
Property Appraisal Report - 2001.pdf
Property Photos - Exterior & Interior.zip
Phase I Environmental Site Assessment.pdf
HVAC Maintenance Contract.pdf