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Ferguson Waterworks

187 Lower Poplar Street, Macon, GA 31201

$999,947

Cap Rate 7.54%

$1,000,000

Cap Rate 7.54%

DOM: 125 Updated: 12.31.23 Posted: 08.11.23 Status: Sold 12.14.23

Summary

Price $999,947 $1,000,000
Built/Renov 1900
Tenant Ferguson Waterworks
Cap Rate 7.54% 7.54%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 38,951
Lease Start 02-20-2006
#Units 1,720
Price/SF $25.67 $25.67
Expiration 02-28-2026
Tenant Type Industrial
NOI $75,396
R. Term 0.9
Ownership Fee Simple
Rent/SF $1.94
Increases 0.0%/0/yrs
Pop 5Mi 81,984
Lot/AC 2.66
Options 2/3yrs
AHHI 5Mi $50,175

Andrew Ackerman
Sands Investment Group
Contact

Lease Highlights

  • Ferguson Waterworks has been operating in this location since 2006
  • Tenant has over 2 years remaining on the current lease term with 2 (3-year) options to extend
  • Lease features a 50% of CPI rental increase at the start of each option
  • Corporate guarantee by Ferguson plc (NYSE: FERG)
  • Ferguson Waterworks is an investment grade tenant (S&P: BBB+)

Location Description

This 38,951 square foot Ferguson Waterworks is strategically located along Lower Poplar Street. The site benefits from its location within the industrial area in town, adjacent to the Macon Terminal Station. Neighboring tenants in the area include Family Dollar, UHAUL, Trading Post Moving and Storage, Capital City Bank and more. The 5-mile trade area is supported by 81,984 residents earning an...

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Key Features

  • In location for years

  • Near major nationals

  • Strategically located

  • Major MSA

  • Long operation history

  • Recently extended lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Ferguson Waterworks Wikipedia Ferguson Waterworks Wikipedia Macon, Georgia Zip Code 31201 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Ferguson Waterworks
  • Guarantor:Corp T and Rated
  • # Units:1,720
  • Tenant S&P: BBB+
  • Moody’s: Baa2
  • Stock:NYSE: FERG

About Tenant

Ferguson plc (NYSE: FERG; LSE: FERG) (formerly Wolseley plc) is a British-American multinational plumbing and heating products distributor, with its operations and associates solely focused on...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,279 35,960 78,036
2023 Total Population : 3,282 36,259 78,987
2023 Employed Civilian Pop : 1,229 11,928 27,494
2023 Total Businesses : 1,204 2,596 3,882
2023 Average Household Income : $ 68,046 $ 50,383 $ 57,207
2023 Total Consumer Spending : $ 88 M $ 673 M $ 1617 M
2023 Median Age : 38 35 36
2023 Total Households : 1,468 15,143 32,148
2023 Pop Age 25+: Bachelor's Degree : 477 2,818 5,795
2023 Average Home Value : $ 332,416 $ 183,959 $ 176,999
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
7th Street Poplar St 2018 5,130 0.11 mi
Martin Luther King Junior Boulevard Cherry StLn 2021 17,400 0.25 mi
5th Street Plum StLn 2019 1,620 0.27 mi
5th Street Bay St 2021 1,570 0.27 mi
Mulberry Street 3rd StLn 2019 3,370 0.34 mi
Martin Luther King Junior Boulevard Walnut StLn 2021 18,500 0.35 mi
Martin Luther King Junior Boulevard Riverside Dr Ln 2019 18,800 0.35 mi
Mulberry St 3rd StLn 2007 5,140 0.37 mi
Walnut Street 3rd StLn 2021 4,430 0.41 mi
Pine St 3rd St 2016 2,250 0.42 mi

Listing Broker

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