Properties

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Arby's

2469 Memorial Drive
Waycross, GA 31503

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,200

Acreage: +/- .897

Price: $1,929,000

Cap Rate: 6.0%

Anchor Tenants: Shadow Walmart, Hobby Lobby, Ross, Bealls Outlet

Description:

• 20 year absolute NNN corporate lease that commenced August 2005 with rent bumps and four 5 year options
• High quality construction at a high profile intersection about 3 miles west of downtown Waycross
• Walmart shadowed and outparcel to a Hobby Lobby, Ross and Bealls anchored retail development
• Strong traffic counts in front of subject property in excess of 21,000 cars per day
• Commercial and recreation hub of southeast Georgia at the convergence of US Hwy 1, 82 and 84
• Located just north of the Okefenokee National Wildlife Refuge, a 450,000 acre one-of-a-kind ecosystem