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.
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Contacts
Jordan Klink
Kahlil Barnard
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400 Liberty St, Waynesboro, Georgia, 30830
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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400 Liberty St
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