501 Oneida St Waycross, GA 31501
- Office Properties & Spaces
- 8,855 SF
- 1.31 lot acres
Current Use by Public Records
- Lee Hlad, DPM / Podiatrist
- David P. Murphy, DPM / Podiatrist / Doctor
- Gregory J. Kramer, DPM / Podiatrist
- Ankle & Foot Associates, LLC - Waycross / Podiatrist
- Brian Benson / Podiatrist / Practitioner Service Location
Property Details for 501 Oneida St
- Year built
- 1988
- Lot size
- 1.31 lot acres
- Property size
- 8,855 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A medical office building in Waycross, Georgia presents a compelling sale-leaseback investment opportunity. The property, totaling 8,855 square feet, is situated on a 1.31-acre lot and boasts a 100% occupancy rate with a strong, established tenant: Ankle & Foot Associates. This single-tenant building features a 10-year absolute NNN lease with 2% annual rent bumps, providing predictable cash flow and significant long-term value. The lease includes five (5) five (5) year renewal options, further securing the investment. Built in 1988, the property offers a 7.05% cap rate and a net operating income (NOI) of $124,678, with an asking price of $1,768,488 ($199.72/sq ft). The property's prime location within Waycross's primary healthcare district, near Memorial Satilla Health and other medical practices, ensures strong tenant demand and future growth potential. Its proximity to major retailers like Walmart and Dollar General adds to its strategic appeal. This is a rare opportunity to acquire a stable, high-performing medical office building with a long-term lease and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waycross
- County
- Ware
- State
- Georgia
- Longitude
- -82.352
- Latitude
- 31.2224
