1401 Tallahassee Hwy - Convenience Store FOR SALE


Bainbridge, GA 39819
$4,175,000 USD
202-552-0092
1401 Tallahassee Hwy, Bainbridge, GA for Sale
$4,175,000 USD
Convenience Store - FOR SALE
1/10
null | 5.15% Cap Rate

1401 Tallahassee Hwy
Bainbridge, GA 39819


OVERVIEW

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations • Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The ground lease features 5% rental increases every 5 years starting in lease year 11 and at the beginning of each option period • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Ideal management-free investment • The subject property is directly across the street from a Walmart Supercenter • The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Tractor Supply, O’Reilly Auto Parts, Autozone, Anytime Fitness, Dollar General, and many more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site • Furthermore, the asset is in close proximity to Memorial Hospital and Manor (80 beds), further increasing consumer traffic to the immediate trade area • Brand new development by DR Horton - Southgate (42 homes) located near This site is located at the intersection of U.S. Hwy 84 & Tallahassee Hwy which combined average 25,100 VPD • The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers • More than 24,000 residents and 8,000 employees support the trade area • Features an average household income of $70,334

FOR SALE DETAILS

PRICE

$4,175,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa - Bainbridge, GA (Tallahassee MSA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

-

APN/PARCEL ID

B053A-001-000

ASK ABOUT THIS PROPERTY

Philip WelldeSRS Real Estate PartnersMore Info
202-552-0092

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Philip WelldeSRS Real Estate PartnersMore Info
202-552-0092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.