For Sale
$1,768,488

501 Oneida StWaycross, GA 31501

High-yield, 10-year NNN lease, 8,855 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A medical office building in Waycross, Georgia presents a compelling sale-leaseback investment opportunity. The property, totaling 8,855 square feet, is situated on a 1.31-acre lot and boasts a 100% occupancy rate with a strong, established tenant: Ankle & Foot Associates. This single-tenant building features a 10-year absolute NNN lease with 2% annual rent bumps, providing predictable cash flow and significant long-term value. The lease includes five (5) five (5) year renewal options, further securing the investment. Built in 1988, the property offers a 7.05% cap rate and a net operating income (NOI) of $124,678, with an asking price of $1,768,488 ($199.72/sq ft). The property's prime location within Waycross's primary healthcare district, near Memorial Satilla Health and other medical practices, ensures strong tenant demand and future growth potential. Its proximity to major retailers like Walmart and Dollar General adds to its strategic appeal. This is a rare opportunity to acquire a stable, high-performing medical office building with a long-term lease and significant upside potential.

Highlights

  • Class A, 8,855 SF medical office building in Waycross, GA.
  • 100% occupied by Ankle & Foot Associates on a 1.31-acre lot.
  • 10-year absolute NNN lease with 2% annual rent increases and five 5-year renewal options.
  • 7.05% cap rate, $124,678 NOI, $1,768,488 asking price ($199.72/SF).
  • Prime location in Waycross's healthcare district, near Memorial Satilla Health.

Property Details for 501 Oneida St

Property type
Office properties, Medical offices
Square Feet
8,855 SF
Class
A
Year Built
1988
Lot Size (sq. ft)
57,064 SF

Location Insight

City
Waycross
County
Ware
State
Georgia
Latitude
31.222366300696
Longitude
-82.352023392726
501 Oneida St, Waycross, Georgia

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501 Oneida St
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