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2215 Memorial Dr
Waycross, GA 31501

$9,276,000 USD

General Retail For Sale  •  257,252 SF

Property Details

  • Property Type General Retail
  • Total Building Size 257,252 SF
  • Lot Size 23.68 AC
  • Building Class B
  • Year Built 1974
  • Cap Rate 9.00 %
  • Tenancy Multiple
  • Zoning 02
0 Transit Score
46 Walk Score

Highlights

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

Property Flyers

Cap Rate: 9.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Belk 8/5/2011
Dunham's Sports
Planet Fitness
T.J. Maxx

Amenities

  • Kiosk/Cart Space
  • Enclosed Mall

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1943
Type: Surface
Included in Rent: Yes
Kyle Hartung 216-381-8200 Goodman Real Estate Services Group
Kyle Hartung 216-381-8200 Goodman Real Estate Services Group