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    1630 Plant Ave Waycross, GA 31501

    Sponsored
    For Sale
    $10,327,783

    Georgia Retail Property - 6% Cap Rate

    Property size:
    41,117 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple retail property in Waycross, Georgia, fully leased to a Walmart Neighborhood Market under a long-term, absolute NNN lease with a corporate guarantee from Walmart Stores, Inc. The 41,117 square foot building, situated on a 5.28-acre lot at 1630 Plant Ave (Route 84), boasts a modern prototype design including a gas station and drive-thru pharmacy. The property benefits from high visibility and convenient access along a major thoroughfare in a densely populated residential area. The lease, commencing October 28, 2015, and expiring October 28, 2030, has approximately 5.9 years remaining on the primary 15-year term, with built-in rent escalations every five years. The current annual net operating income (NOI) is $619,667, representing a 6.00% capitalization rate and a price per square foot of $251.18. This investment offers a strong, stable income stream with minimal landlord responsibilities, backed by the financial strength of a world-renowned retailer. The property's location within a thriving suburban community and its inclusion of a COVID-resistant grocery component further enhance its appeal. The asking price is $10,327,783. The property's Ware County location, with its address in Waycross, Georgia, zip code 31501, ensures easy identification and access. This is a rare opportunity to acquire a high-quality, single-tenant retail asset with a proven track record and significant long-term growth potential.

    Property Features for 1630 Plant Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    41,117 SF
    Lot Size
    229,997 SF

    HighLights

    • $10,327,783 asking price for a Walmart‑anchored retail property with a long‑term net lease.
    • Modern Walmart Neighborhood Market prototype including a gas station and drive‑thru pharmacy.
    • High‑visibility location on Plant Ave, a major thoroughfare in a densely populated residential area of Waycross, GA.
    • Lease features rent increases every 5 years and a low rent per square foot, showcasing strong fundamentals.
    • Investment in a COVID‑resistant grocery store, the dominant grocer in a large MSA, situated in an affluent suburban community.
    • Best‑in‑class, globally recognized brand with a modern prototype building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walmart Home Services Home Help Service Agency Stephen Thomas Pharmacy Walmart Bakery Bakery Redbox Movie Rental Kiosk Walmart Patio & Garden ... Landscaper

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waycross
    County
    Ware
    State
    Georgia
    Longitude
    -82.3462706
    Latitude
    31.2204542

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    FAQs

    What type of property is this?
    Individual retail property - Georgia Retail Property - 6% Cap Rate
    Where is this individual retail property located?
    The property is located at 1630 Plant Ave Waycross, GA.
    What is the asking price?
    The asking price for this property is $10,327,783.
    What are key features of this property?
    This property features: $10,327,783 asking price for a Walmart-anchored retail property with a long-term net lease.; Modern Walmart Neighborhood Market prototype including a gas station and drive-thru pharmacy.; High-visibility location on Plant Ave, a major thoroughfare in a densely populated residential area of Waycross, GA.
    Request Owner's contact information
    1630 Plant Ave Waycross, GA 31501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1630 Plant Ave Waycross, GA 31501
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