Family Dollar Anchored Center - Macon, GA

Covered Land Basis on 1.58-Acre Signalized Corner: Situated on approximately 1.58 acres at the signalized intersection of Bloomfield Road and Chambers Street, the asset benefits from strong visibility and long-term underlying real estate value. The land component provides meaningful downside protection relative to basis

Below-Market Anchor Rent Creates Embedded Reversion Potential: Family Dollar is currently paying approximately $9.48/SF. Comparable small-box retail users in similar tertiary Georgia markets often command higher rental rates, creating potential rent growth at renewal or backfill

Immediate Upside Through Vacancy Lease-Up: A 1,500 SF vacant suite (13% of GLA) provides near-term value-add opportunity. Lease-up at $11 RPSF would increase rent $16,500

Flexible 8,000 SF Retail Box (2003 Construction): Constructed in 2003, the single-story 8,000 SF structure is well-suited for discount retail, service-oriented tenants, medical users, or alternative small-box concepts, supporting long-term adaptability of the asset

NN Lease Structure with Limited Landlord Responsibilities: Tenants reimburse taxes and CAM, with landlord responsible for roof and structure, providing operational efficiency while maintaining control of major capital components