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Virtual Drive-By

Food Lion Absolute NNN

1312 Plant Ave · Waycross, GA 31501 · Specialty Retail

Asking price
$3,580,000
Cap rate
6.50%
NOI
$232,650

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining4.6 yrs
Expiration02/2031
Rent bumpsOpt. 1 to $243,225 & Opt. 2 to $253,800
Options2x5
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF34,546
Price / SF$104
Year built1985
Lot size2.84 ac
TypeGrocery Store
Days on market118

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Absolute Net Lease Freestanding Food Lion in Waycross Georgia
  • ​34,546 Square Feet with a Current Lease Expiration of 2031 & 2x5 Renewal Options Left
  • ​Tenant is Responsible for Direct Payment of CAM, Taxes, & Insurance, Roof, Structure, Etc.
  • ​Corporately Guaranteed by Delhaize America, Inc. | $6.73/SF Rent & Reports Sales
  • ​Delhaize Re-Acquired the Location in 2021 & Extensively Remodeled During Store Conversion
  • ​Situated at a Signalized Intersection with Next Signalized Intersection 1.5-Miles Away
  • ​16,700 Vehicles Per Day along Plant Avenue | Wide Trade Area
  • ​County Seat Location | Growing Household Incomes, Industry, Retail Demand

Property overview

For All Inquiries & Offers Email TEAMKINNARDFALK@LEE-ASSOCIATES.​COM or Call (513) 387-0056

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 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.