For Sale
$4,200,000

400 Liberty StWaynesboro, GA 30830

Georgia Pharmacy, Strong NOI, 8.9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Triple Net (NNN) Lease: Tenant responsible for all CAM, taxes, insurance, roof, and structural maintenance. No landlord responsibilities.
  • High Visibility: Hard-corner, signalized intersection location with approximately 14,000 vehicles per day.
  • Strong Retail Trade Area: Proximity to Walmart, Subway, McDonald's, Tractor Supply, and other national retailers.
  • Medical District Proximity: Located across from Burke Health Community Hospital.
  • Major MSA Location: Approximately 30 miles from Augusta, Georgia MSA.
  • Significant Land Parcel: 1.48-acre lot with multiple points of ingress/egress.

Property Details for 400 Liberty St

Property type
Retail properties, Drug stores
Square Feet
13,650 SF
Year Built
2008
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Waynesboro
County
Burke
State
Georgia
Latitude
33.0846196
Longitude
-82.0116714
400 Liberty St, Waynesboro, Georgia

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400 Liberty St
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