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580 State st 16,020 SF 100% Leased Retail Building Waycross, GA 31501 $800,000 ($49.94/SF) 7.20% Cap Rate
Investment Highlights
- Signalized hard corner with +/-12,000 VPD at Tebeau St and State St intersection.
- Necessity-based and service-oriented tenant mix resistant to e-commerce disruption.
- Proximity to regional shopping destinations drawing consumers from a wide radius.
- Value-add opportunity via lease-up of 7,000 SF vacancy or mark-to-market rents.
- Waycross is the primary retail hub for Ware County with minimal competing corridors.
- Strip centers in Waycross attract stable local operators with longer tenancy durations.
Executive Summary
Maxx Bauman
License # 80041, 451849 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
License # 80041, 451849 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
16,020 SF
Year Built
1985
Price
$800,000
Price Per SF
$49.94
Cap Rate
7.20%
NOI
$57,600
Percent Leased
100%
Building Height
1 Story
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 4
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580 State st
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