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1565 Ossie Davis Pky
Waycross, GA 31501
Wally's Food Center · Retail Property For Sale
Executive Summary
This property at 1565 Ossie Davis Pkwy offers investors a rare chance to acquire a stabilized retail asset in the heart of Waycross, GA. Anchored by an established convenience store tenant, the property generates a steady NOI of $26,400 annually and features a 7%–8% cap rate based on the asking price.
Located on a high-visibility 0.67-acre lot along a bustling commercial corridor, the 3,870 sq. ft. freestanding building benefits from excellent frontage, dual curb cuts, and traffic exposure of over 7,600 vehicles per day. With a low retail vacancy rate of 2.3% in the Waycross market, this property represents a secure, long-term investment with room for future growth.
Landlord responsibilities are limited to roof and structural maintenance, making this a true hands-off NNN investment. The tenant is current on rent and has expressed interest in purchasing, offering an additional exit strategy for potential buyers. Ideal for investors seeking reliable income, market stability, and a recession-resistant asset.
Located on a high-visibility 0.67-acre lot along a bustling commercial corridor, the 3,870 sq. ft. freestanding building benefits from excellent frontage, dual curb cuts, and traffic exposure of over 7,600 vehicles per day. With a low retail vacancy rate of 2.3% in the Waycross market, this property represents a secure, long-term investment with room for future growth.
Landlord responsibilities are limited to roof and structural maintenance, making this a true hands-off NNN investment. The tenant is current on rent and has expressed interest in purchasing, offering an additional exit strategy for potential buyers. Ideal for investors seeking reliable income, market stability, and a recession-resistant asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,870 SF
Building Class
C
Year Built
1968
Price
$408,802 CAD
Price Per SF
$105.63 CAD
Cap Rate
8.78%
NOI
$35,890 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.67 AC
Zoning
002
Parking
10 Spaces (2.58 Spaces per 1,000 SF Leased)
Frontage
197’ on Ossie Davis Parkway
Property Taxes
| Parcel Number | WA0602-104 | Improvements Assessment | $87,355 CAD |
| Land Assessment | $23,462 CAD | Total Assessment | $110,817 CAD |
Property Taxes
Parcel Number
WA0602-104
Land Assessment
$23,462 CAD
Improvements Assessment
$87,355 CAD
Total Assessment
$110,817 CAD
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