Roots Oil | 1984 S Georgia Pky W
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Roots Oil 1984 S Georgia Pky W
2,400 SF Retail Building Waycross, GA 31503 £1,485,049 (£619/SF) 7.50% Net Initial Yield
Investment Highlights
- New 20-year fee-simple absolute NNN Lease at a low price-point, which qualifies for accelerated depreciation
- Four (4) five (5) year renewal options
- Absolute NNN lease requires zero landlord management, ideal for an out-of-area or passive investor
- Roots Oil Company currently operates in 11 states (GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID) with over 57 locations (and quickly expanding)
Executive Summary
This Roots Oil is strategically located at the northeast corner of the hard signalized intersection of South Georgia Parkway & Augusta Avenue, combining for 24,020 AADT.
The site is located 0.7 miles from Coastal Pine Technical College (3,606 students) and across the street South Georgia State College Waycross Campus (833 students). The property is centrally located near several community hubs and Ware-County Schools including Trembling Earth Sports Complex, Ware County High School (1,637 students), Waycross Public Library, Okefenokee Lion Club and many others.
Projected AHHI increases within 1-, 3-, and 5-mile radii over the next five years poise Roots Oil and Waycross for steady concurrent growth. 28,094 residents live within a five-mile radius of the site, providing a consistent customer base for the property.
Waycross’ proximity to major highways allows for easy travel to nearby destinations such as Jacksonville, Florida, and Savannah, Georgia.
The site is located 0.7 miles from Coastal Pine Technical College (3,606 students) and across the street South Georgia State College Waycross Campus (833 students). The property is centrally located near several community hubs and Ware-County Schools including Trembling Earth Sports Complex, Ware County High School (1,637 students), Waycross Public Library, Okefenokee Lion Club and many others.
Projected AHHI increases within 1-, 3-, and 5-mile radii over the next five years poise Roots Oil and Waycross for steady concurrent growth. 28,094 residents live within a five-mile radius of the site, providing a consistent customer base for the property.
Waycross’ proximity to major highways allows for easy travel to nearby destinations such as Jacksonville, Florida, and Savannah, Georgia.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1987/2022
Price
£1,485,049
Price Per SF
£619
Net Initial Yield
7.50%
NOI
£111,359
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
Commercial - C2
Frontage
200 ft on 1984 S Ga Pkway
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | WA0208-008 | Improvements Assessment | £61,095 |
| Land Assessment | £57,393 | Total Assessment | £118,487 |
PROPERTY TAXES
Parcel Number
WA0208-008
Land Assessment
£57,393
Improvements Assessment
£61,095
Total Assessment
£118,487
Contacts
-
Vincent Aicale -
Jack Hinson -
Michael Yuras -
Ryan Forsyth -
Scott Crowle -
Cushman & Wakefield
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Roots Oil | 1984 S Georgia Pky W
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