1401 Tallahassee HwyBainbridge, GA 39819

Property Details for 1401 Tallahassee Hwy

Year built

1969

Construction

LIGHT FRAME

Lot size

5.29 AC

Property size (Sq ft)

54,341 SF

Property type

Commercial real estate

APN

B053A-001-000

APU

B053A001000

Description

This exceptional investment opportunity presents a brand-new, 6,199 square foot Wawa convenience store and gas station in Bainbridge, Georgia. Located on a 2.36-acre lot at the intersection of US-84 and US-27, this property boasts a 20-year absolute NNN ground lease with six, 5-year options, commencing November 13, 2024, and expiring November 29, 2044. The property features a corporate guarantee and a current NOI of $215,000, resulting in a 5.05% cap rate. This is the first Wawa in Georgia, strategically positioned near Walmart, Home Depot, and a new Publix, benefiting from high traffic counts and visibility from a large pylon sign. Bainbridge serves as a bedroom community for Tallahassee and a gateway to Florida Panhandle beaches, further enhancing its appeal. The area is experiencing significant growth, with companies like Anovion Technologies and A-1 Roof Trusses expanding their operations, adding hundreds of jobs. This represents a rare chance to acquire a high-performing asset with a strong tenant and significant long-term growth potential. The property was built in 2024 and enjoys 100% occupancy. The asking price is $4,257,000. This is a ground-up new construction with the tenant's latest prototype, and the grand opening is scheduled for November 14th. The property is less than half a mile from a new Publix anchored development and DR Horton's Southgate (new homes).

• Alternative Use

  Use

  Valuation

  Residential

  $6,282,488

  Hospitality

  $5,754,726

  Educational

  $4,787,864

  Medical

  $4,952,526

  Retail

  $7,447,789

Location Insight

City

Bainbridge

County

Decatur

State

Georgia

Latitude

30.8892

Longitude

-84.565

CBSA code

12460

CBSA name

BAINBRIDGE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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