1401 Tallahassee Hwy, Bainbridge, GA 39819-7705
- Commercial real estate
- 54,341 SF
- 5.29 lot acres
Current Use by Public Records
- Charter House / Hotel & Motel
Property Details for 1401 Tallahassee Hwy
- Year built
- 1969
- Construction
- LIGHT FRAME
- Lot size
- 5.29 lot acres
- Property type
- Commercial real estate
- APN
- B053A-001-000
- APU
- B053A001000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 31, 2023 | $1,654,500 | Trinity Bainbridge LLC | Bainbridge Charter Group LLC | Warranty Deed | $2.4M · United Community Bank |
| Jun 6, 2019 | $160,000 | Lighthouse Property Development LLC | The Bainbridge Charter Grp LLC | Limited Warranty Deed | — |
| Feb 27, 2017 | — | The Bainbridge Charter Grp LLC | — | Deed · related | $2.1M · First Port City Bank |
| Sep 23, 2016 | — | The Bainbridge Charter Grp LLC | — | Deed · related | $40k · Peoples South Bank |
| Feb 8, 2006 | $2,200,000 | Bainbridge Charter Grp LLC | Auhm LLC | Deed | — |
Description
This exceptional investment opportunity presents a brand-new, 6,199 square foot Wawa convenience store and gas station in Bainbridge, Georgia. Located on a 2.36-acre lot at the intersection of US-84 and US-27, this property boasts a 20-year absolute NNN ground lease with six, 5-year options, commencing November 13, 2024, and expiring November 29, 2044. The property features a corporate guarantee and a current NOI of $215,000, resulting in a 5.05% cap rate. This is the first Wawa in Georgia, strategically positioned near Walmart, Home Depot, and a new Publix, benefiting from high traffic counts and visibility from a large pylon sign. Bainbridge serves as a bedroom community for Tallahassee and a gateway to Florida Panhandle beaches, further enhancing its appeal. The area is experiencing significant growth, with companies like Anovion Technologies and A-1 Roof Trusses expanding their operations, adding hundreds of jobs. This represents a rare chance to acquire a high-performing asset with a strong tenant and significant long-term growth potential. The property was built in 2024 and enjoys 100% occupancy. The asking price is $4,257,000. This is a ground-up new construction with the tenant's latest prototype, and the grand opening is scheduled for November 14th. The property is less than half a mile from a new Publix anchored development and DR Horton's Southgate (new homes).
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bainbridge
- County
- Decatur
- State
- Georgia
- Longitude
- -84.565
- Latitude
- 30.8892
- CBSA code
- 12460
- CBSA name
- BAINBRIDGE, GA MICROPOLITAN STATISTICAL AREA
