1630 Plant Ave Waycross, GA 31501

Property Details for 1630 Plant Ave

Year built

2016

Construction

LIGHT FRAME

Lot size

5.31 lot acres

Property size

41,789 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

WA16-01-032

APU

WA1601032

Description

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.

Location Insight

City

Waycross

County

Ware

State

Georgia

Longitude

-82.3465

Latitude

31.2204

CBSA code

48180

CBSA name

WAYCROSS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments