Waycross, GA Investment Property at 9.1% cap rate!
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 349,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 03/25/2019
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Investment property collecting rent from a convenience store generating a 9.1% cap rate in Waycross, GA! The current lease collects a gross rent of $2,800 per month. Tenant pays for the property insurance! The only expense for the property owner is property tax at $150 per month. If the tenant sells the business, then the new tenant will have to pay $3,000 per month in rent! The lease has 13 years left. This property is near to Highway 84, located on a busy street. The local Memorial stadium is within walking distance. The city has two universities within the vicinity with Ware University just 1.4 miles away and a South GA State College campus only 2.8 miles away from the property. Asking Price for the Investment Property is $349,000!