400 Liberty StWaynesboro, GA 30830

Property Details for 400 Liberty St

Year built

2008

Lot size

1.48 AC

Property size (Sq ft)

13,362 SF

Zone code

C-2

Property type

Drug stores

APN

W11-053

APU

W11053

Description

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.

Location Insight

City

Waynesboro

County

Burke

State

Georgia

Latitude

33.0847

Longitude

-82.0117

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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