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Investment property collecting rent from a convenience store generating a 9.78% cap rate in Waycross, GA!
The current lease collects a gross rent of $2,800 per month. Tenant pays for the property insurance! The only expense for the property owner is property tax at $150 per month. If the tenant sells the business, then the new tenant will have to pay $3,000 per month in rent! The lease has 13 years left.
This property is near to Highway 84, located on a busy street. The local Memorial stadium is within walking distance.
The city has two universities within the vicinity with Ware University just 1.4 miles away and a South GA State College campus only 2.8 miles away from the property.
Asking Price for the Investment Property is $325,000!
If interested, please call us anytime to discuss or make an offer at.
Real Property Included
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