Wally's Food Center 1565 Ossie Davis Pky

This property at 1565 Ossie Davis Pkwy offers investors a rare chance to acquire a stabilized retail asset in the heart of Waycross, GA. Anchored by an established convenience store tenant, the property generates a steady NOI of $26,400 annually and features a 7%–8% cap rate based on the asking price.
Located on a high-visibility 0.67-acre lot along a bustling commercial corridor, the 3,870 sq. ft. freestanding building benefits from excellent frontage, dual curb cuts, and traffic exposure of over 7,600 vehicles per day. With a low retail vacancy rate of 2.3% in the Waycross market, this property represents a secure, long-term investment with room for future growth.
Landlord responsibilities are limited to roof and structural maintenance, making this a true hands-off NNN investment. The tenant is current on rent and has expressed interest in purchasing, offering an additional exit strategy for potential buyers. Ideal for investors seeking reliable income, market stability, and a recession-resistant asset.