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Virtual Drive-By

Walmart NNN

1630 Plant Ave · Waycross, GA 31501 · Convenience / Fuel

Asking price
$10,327,783
Cap rate
6.00%
NOI
$619,667

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 typeNNN
Term remaining6.0 yrs
Expiration10/2030
Rent bumpsEvery 5 Yrs in Primary Term/Options - Low Rent PSF
Options17 - 5 YR Options with 5% Increases Each Option
Ground lease—
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 SF41,117
Price / SF$251
Year built—
Lot size5.28 ac
TypeGas Station, Grocery Store, Pharmacy/Drug
Days on market1760

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

  • ​RARE Parent Guarantee
  • ​Modern Prototype Layout (Gas & Drive-Thru Pharmacy)
  • ​Huge Traffic Generator/Dominates Market
  • ​High-Profile Infill Sites - Affluent Suburban Communities
  • ​Main Retail Corridor - Dense Residential
  • ​Rent Bumps Every 5 Yrs in Primary Term/Options - Low Rent PSF
  • ​Strong Real Estate Fundamentals
  • ​Best-in-Class Brand - Top Retailer in the World with International Name Recognition
  • ​Modern Prototype
  • ​Tremendous Growth for Market Platform - High Sales Track Record
  • ​Smaller Footprint - Grocery Leader!
  • ​Proven Long-Term NNN Leases by Walmart Stores, Inc. (NYSE: WMT)
  • ​World’s Largest Company by Revenues - #1 Fortune 500 List for 2024
  • ​Market Cap over $685B+
  • ​Over 6 Lease Years Remaining with 17 - 5 Year Option Periods
  • ​NNN Lease – Zero Landlord Obligations - Coupon Clipper Asset
  • ​Walmart Stores Inc - Parent Company Guarantee - Investment Grade
  • ​Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable
  • ​3% Rental Increases During Primary Term - Inflation Hedge
  • ​5% Rental Increases During Option Periods
  • ​Approximately 5.28 Acres of Land - Excellent Street Visibility and Access
  • ​Waycross, GA Location - Just Southwest of Savannah and North of Jacksonville
  • ​Located on Route 84 - A Regional Corridor Connecting to S. Georgia PKWY
  • ​Nearby Retailers Include Harvey’s Supermarket, Wendy’s, Heritage Bank and YMC
  • ​Fee Simple (Land and Building) Ownership - Pride of Ownership
  • ​Approximately 31,489 Residents Within a 5-Mile Radius
  • ​Average Household Income of $62,132 Within a 5-Mile Radius

Property overview

We are pleased to offer to qualified investors an opportunity to purchase one a single tenant retail asset on a NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc.​ (Parent Company).​ This offering provides over 6 lease years remaining on a 15 year primary term that includes 17-5 year option periods.​ During the primary term, there are 3% rental escalations every 5 years, followed by 5% rental escalations every 5 years during the option periods.​ This is a fee simple (land and building) asset that comprises of 41,117 square feet building on approximately 5.28 acres of land.​ Strategically located along Plant Ave (Route 84) – one of the areas primary trade corridors – the subject property benefits from convenient ingress/egress, excellent street visibility and ample parking.​ This is an excellent opportunity to acquire the nation’s #1 grocer backed by a corporate guarantee (Wal-Mart Stores, Inc.​) with zero landlord management responsibilities and over 6 lease years remaining on the base term.​

Take the next step on this property

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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.