1630 Plant Ave Waycross, GA 31501

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.