1984 Georgia W Pkwy Waycross, GA 31503-0149

Property Details for 1984 Georgia W Pkwy

Year built

1987

Construction

LIGHT FRAME

Lot size

1.01 lot acres

Property size

2,400 SF

Zone code

COMMERCIAL

Property type

Grocery and convenience stores

APN

WA02-08-008

APU

WA0208008

Description

This exceptional investment opportunity presents a 2,404 square foot, single-tenant, absolute NNN leased convenience store and gas station located at 1984 S Georgia Pkwy W, Waycross, GA 31503. The property sits on a 1.01-acre lot and boasts a prominent location at a hard-signalized intersection with 24,020 AADT. The 20-year lease with Chevron/Roots Oil, commencing July 22, 2022, and expiring July 31, 2042, includes rent bumps and offers a strong 7.50% cap rate with a $140,000 NOI. The property underwent renovations in 2022. Its strategic location near South Georgia State College and Coastal Pine Technical College, along with other community hubs and schools, ensures a consistent customer base within a densely populated area (28,094 residents within a five-mile radius). The property's proximity to major highways provides easy access to Jacksonville, FL and Savannah, GA. This is an ideal investment for passive investors seeking a low-management, high-return opportunity. The property is well-suited for a 1031 exchange. This is a fee-simple ownership with no ground lease.