2215 Memorial Dr · Waycross, GA 31501 · Fitness
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· RARE Value-Add Retail for Sale with 23% Vacancy Upside
· Offering Price Based on In-Place NOI Only - NO PROFORMA RENT
· National Anchors Belk, TJ Maxx, Rural King, Planet Fitness, and Dunham’s Account for Thousands of Daily Shoppers
· Tremendous Cash-On-Cash Potential with Lease Up of Vacant Space
· Ideal Central Retail Location Across the Street from Walmart and Lowe’s
· Large Parking Field Allows for Future Expansion or Future Outlot
Opportunities
· Junior Box, Inline, and Outlot Spaces Immediately Available for Lease
· The Mall at Waycross is the Focal Shopping Center for Roughly 36,000 Area Residents
For sale is the 100% fee-simple interest in The Mall at Waycross, a 338,181 square foot mall in the center of the Waycross, Georgia, retail trade area. The majority of the property’s square footage is devoted to national anchor retailers as opposed to interior mall space. Anchor tenants Belk, TJ Maxx, Planet Fitness, Dunham’s, and Rural King (shadow anchor), account for over 80% of total gross leasable area, leaving a manageable 84,782 square feet of interior space, of which 58,994 square feet is available to be leased or combined to add more anchors. Many of the vacant spaces are located on the front center of the mall, which lends them to be redesigned as junior box spaces with exterior signage and entrances. Tenants currently comprising the interior square footage include Hibbett Sports, Rack Room Shoes, Metro Fashions, Claire’s Boutique, and others. National tenants not yet in the market have expressed interest in combining vacancies to create junior box positions in line with Belk, providing immediate upside to an investor. The property is situated in the center of the Waycross retail trade area with neighbors Walmart Supercenter, Lowe’s, Hobby Lobby, Ross Dress for Less, Bealls, Chick-fil-A, Fairfield Inn & Suites, and many more.
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.