NNN Leased Walmart Neighborhood
For Sale
Contact for pricing
1630 Plant Ave, Waycross, GA 31501
Single tenant retail asset 100% leased to Walmart.
Property Size41,117 SF
Lot Size5.28 Acres
Price / SF$251.18
Days on Market1801
Property Features for 1630 Plant Ave
General Information
Standard status
Active
Size
41,117 SF
Lot size
5.28 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$619,667
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 724-5561
Source:
Crexi
Added: Sep 30, 2021
Changed: Aug 24
Last Checked: Sep 2 at 10:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This single-tenant retail asset is 100% leased to Walmart Neighborhood Market, backed by a full corporate guarantee from Walmart Stores Inc. The property has over 6 years remaining on a 15-year primary lease term, which includes seventeen 5-year option periods. The lease features 3% rental escalations every 5 years during the primary term, followed by 5% rental escalations every 5 years during the option periods. The property includes both land and building, comprising a 41,117-square-foot building on approximately 5.28 acres of land. The property is strategically located along Plant Ave (Route 84), a primary trade corridor, and benefits from convenient access, excellent street visibility, and ample parking. This is an opportunity to acquire a property leased to the nation’s #1 grocer with a corporate guarantee and zero landlord management responsibilities.
Key Highlights
- 100% leased to Walmart Neighborhood Market with a full corporate guarantee from Walmart Stores Inc.
- NNN lease structure provides zero landlord management responsibilities.
- Over 6 years remaining on the primary lease term with seventeen 5‑year option periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Walmart Neighborhood Market
Groceries
34,959 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
16,945 visits/mo
0.4 miles
Demographics for 31501, GA
14,036
Population
6,867
Households
2
Avg Household Size
40
Median Age
18%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$37,203
Median Household Income
$30,426
Median Earnings
$752
Median Rent
$100,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single tenant retail asset 100% leased to Walmart.
Where is this grocery and convenience store 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: 100% leased to Walmart Neighborhood Market with a full corporate guarantee from Walmart Stores Inc.; NNN lease structure provides zero landlord management responsibilities.; Over 6 years remaining on the primary lease term with seventeen 5‑year option periods.
