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Ankle & Foot Associates | Waycross, GA 501 W Oneida St

8,855 SF Office Building Waycross, GA 31501 £1,385,257 (£156/SF) 7.05% Net Initial Yield

Investment Highlights

  • Long-Term (10-year) Absolute NNN healthcare investment opportunity with 2% Annual Increases
  • One of 16 locations with a total of 22 providers throughout Georgia, Florida, and South Carolina
  • Corner lot of Oneida Street and Habersham Drive between Tebeau Street (± 8,910 VPD) and Plant Ave (± 15,200 VPD) -Source: STDB
  • Guarantee from established and growing podiatry practice
  • Strategically located near Memorial Satilla Health and many other medical practices

Executive Summary

Randall Commercial Group, LLC is pleased to present this outstanding medical sale leaseback opportunity in Waycross, GA. The tenant will sign a 10-year, Absolute NNN lease at closing with 2% annual increases with five (5) five (5) year options. The property is strategically located only a few blocks from Memorial Satilla Health. Ankle & Foot Associates has been operating since 1988 with 16 locations, 22 providers, and actively adding new locations. The subject property is situated within Waycross's primary healthcare district near complementary medical practices and has proximity to national tenants like Walmart, Dollar General, and various quick-service restaurants.

Attachments

961.23 -- AFA Waycross OM

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
8,855 SF
Building Class
B
Year Built
1988
Price
£1,385,257
Price Per SF
£156
Net Initial Yield
7.05%
NOI
£97,660
Tenancy
Single
Number of Floors
1
Typical Floor Size
8,855 SF
Building FAR
0.13
Lot Size
1.51 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number WA1501-020 Improvements Assessment £199,612
Land Assessment £38,215 Total Assessment £237,827

PROPERTY TAXES

Parcel Number
WA1501-020
Land Assessment
£38,215
Improvements Assessment
£199,612
Total Assessment
£237,827
(662) 234-4044

Contacts

  • Listing ID: 30520386

  • Date on Market: 03/01/2024

  • Last Updated:

  • Address: 501 W Oneida St, Waycross, GA 31501

The Office Property at 501 W Oneida St, Waycross, GA 31501 is currently available for sale. Contact Randall Commercial Group, LLC for more information.

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© 2024 CoStar Group

Ankle & Foot Associates | Waycross, GA | 501 W Oneida St
(662) 234-4044 x

Ankle & Foot Associates | Waycross, GA | 501 W Oneida St

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Elizabeth Randall

(662) 234-4044

(662) 234-4044

Port Campany

(662) 234-4044

(662) 234-4044

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