271 Walmart Way Eastanollee, GA 30538
- Retail properties
- 3,200 SF
- 1.16 lot acres
Current Use by Public Records
- Verizon / Cell Phone Store / Internet Service Provider
- Verizon Business Services / Internet Service Provider
Property Details for 271 Walmart Way
- Lot size
- 1.16 lot acres
- Property size
- 3,200 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 3,200-square-foot single-tenant retail building leased to Verizon Wireless. Located in Eastanollee, Georgia, at 271 Walmart Way, this property sits on a 1.16-acre lot within a Walmart-anchored shopping center, benefiting from high visibility and traffic on State Highway 17 (17,600 AADT) and the Toccoa Bypass (6,420 AADT). The strong demographics include a daytime population of 20,709 within 5 miles, with an average household income of $72,713 within 1 mile. Co-tenants include The Home Depot, Mike Jones Ford, Sonic, Murphy USA, and more, ensuring consistent foot traffic. The property boasts a current Net Operating Income (NOI) of $90,295, resulting in a 7.75% cap rate. The lease, a net lease with a single tenant, has a remaining term of 4.7 years, expiring July 31, 2029, and includes a 5% rent bump option. This is a corporate-guaranteed lease with the largest premium Verizon retailer in the U.S., demonstrating a proven location and operational history. The property's proximity to Stephens County High School, Big A Elementary School, and local churches further enhances its appeal. This is a rare opportunity to acquire a well-positioned, stable, and high-performing retail investment. The asking price is $1,165,000, translating to a price per square foot of $364.06. A three-year lease option is available.
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
- Eastanollee
- County
- Stephens
- State
- Georgia
- Longitude
- -83.2823
- Latitude
- 34.5466
