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32321526
32321519

513 Tebeau Street, Waycross, GA 31501 For Sale

RR
GA 408903
Rouse Realty
Listed by Rouse Realty
$700,000
73 days on market
Updated 73 days ago

513 Tebeau Street

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Shopping Center
Square Footage 19,166
Net Rentable (SqFt) 19,166
Units 30
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 10/01/2027
Rent Bumps Yes
Class B
Year Built 1941
Buildings 1
Zoning C-3
Lease Commencement 10/01/2024
Ground Lease No

About This Property for Sale

Marketing description

This ±19,166 SF retail facility situated on ±0.44 acres presents a strong NNN investment opportunity in the heart of Waycross, Georgia. The property is currently 100% occupied by Bed’r Mattress and offers built-in income growth with scheduled rent increases from $6,000/month to $7,000/month beginning October 2026, creating immediate upside in both cash flow and asset value.

The property is leased through September 30, 2027, with one additional five-year renewal option, providing stable in-place income while also positioning the asset as an attractive long-term buy-and-hold opportunity for future owner-users seeking a large-footprint commercial location in a strategic retail corridor. Rarely do opportunities arise to acquire a sizable retail asset combining secure cash flow, future appreciation, and long-term flexibility in a growing South Georgia market.

Investment highlights

  • ±19,166 SF Retail Building
  • NNN Lease Structure
  • 100% Occupied by Bed’r Mattress
  • Scheduled Rent Increase in October 2026
  • Stable Cash-Flowing Asset
  • Future Owner-User Potential
  • Strategic Waycross Retail Corridor
  • Additional 5-Year Renewal Option

Listing Contacts

RR
GA 408903
Rouse Realty
Listed by Rouse Realty

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Additional Information

Name
ryder rouse
License
408903
Brokerage
Rouse Realty LLC
Brokerage Phone
9125900780
Brokerage Address
3437 U.S. 84
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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