501 Oneida StWaycross, GA 31501

Property Details for 501 Oneida St

Year built

1988

Lot size

1.31 AC

Property size (Sq ft)

8,855 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Waycross

County

Ware

State

Georgia

Latitude

31.2224

Longitude

-82.352

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