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    FOR SALE
    Drug stores

    400 S Liberty St, Waynesboro, GA 30830

    13,362 SF 1.48 ac lot Built 2008
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US22-0597535
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 13,650 square foot Walgreens pharmacy located at 400 S Liberty St, Waynesboro, GA 30830. The property sits on a 1.48-acre lot and boasts a prominent, hard-corner, signalized intersection location experiencing approximately 14,000 vehicles per day. The absolute NNN lease with Walgreens, a credit-rated tenant, has a remaining term of 8.9 years (expiring October 30, 2033), offering significant passive income potential. The property's strong financial performance is reflected in its $336,000 net operating income (NOI) and an 8.00% cap rate. The asking price is $4,200,000, translating to $307.69 per square foot. The property benefits from its strategic location near Burke Health Community Hospital and a variety of national retailers including Walmart, Subway, McDonald's, and Tractor Supply. Waynesboro is a suburb of the Augusta, GA MSA, a region with a diversified economy and a strong employer base, including Plant Vogtle, Ingevity, and Samsons. The property's underlying real estate value is further enhanced by multiple points of ingress/egress. This is a rare opportunity to acquire a high-performing, net-leased Walgreens property with a long remaining lease term in a stable and growing market. The lease commenced October 5, 2008, and the building was constructed in 2008. The tenant is responsible for all CAM, taxes, insurance, roof, and structure maintenance.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 2008
    Total area 13,362 SF
    Lot 1.48 ac (64,469 SF)
    Zoning code C-2
    APN W11-053
    UPID US22-0597535
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.27M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.27M
    Owner & transaction history
    Jp Waynesboro LLC · 1 yrs held
    Jp Waynesboro LLC
    since 2024
    Last sale
    $5.3M
    5 recorded transactions
    2024
    2024
    2024
    2013
    $5.3M
    2008
    Zoning & alternative use
    C-2 · Waynesboro, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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