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Roots Oil, Waycross, GA

Investment Summary

Price $1,467,000
Cap Rate 6.75%
NOI $99,000
Lease Term 20 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 7.5% rental increases every five (5) years
Year Built Renovated in 2022
Building Size 2,404 SF
Lot Size 1.01 acres (43,996 SF)
Status Available
Lead Brokers Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Jack Hinson
Brokerage
704.572.9921
j.hinson@cushwake.com
CA RE License #02059267

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 20-YEAR BASE TERM GUARANTEED ABSOLUTE NNN LEASE
» New 20-year fee-simple absolute NNN Lease at a low price-point, which qualifies for accelerated depreciation
» Absolute NNN lease requires zero landlord management, ideal for an out-of-area or passive investor
» Four (4) five (5) year renewal options
» Roots Oil Company currently operates in 11 states (GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID) with over 57 locations (and quickly expanding)

STRATEGIC LOCATION ON HARD SIGNALIZED CORNER WITH 24,020 AADT
» Strategically located on the hard signalized intersection of South Georgia Parkway & Augusta Avenue, with 24,020 AADT
» Located across the street from the South Georgia State College Waycross Campus (833 students) and 0.7 miles from Coastal Pine Technical College (3,606 students)
» Centrally located near several community hubs and Ware-County Schools including Trembling Earth Sports Complex, Ware County High School (1,637 students), Waycross Public Library, Okefenokee Lion Club and many others

CENTRALLY LOCATED GEORGIA SUBURBAN CITY
» Proximity to dense residential developments providing a stable customer base to the site
» Projected AAHI increases within 1-, 3-, and 5-mile radii over the next five years poise Roots Oil and Waycross for steady concurrent growth
» 28,094 residents live within a five-mile radius of the site
» The city’s proximity to major highways allows for easy travel to nearby destinations such as Jacksonville, Florida, and Savannah, Georgia

Property Description

» This Roots Oil is strategically located at the northeast corner of the hard signalized intersection of South Georgia Parkway & Augusta Avenue, combining for 24,020 AADT
» The site is located 0.7 miles from Coastal Pine Technical College (3,606 students) and across the street South Georgia State College Waycross Campus (833 students)
» The property is centrally located near several community hubs and Ware-County Schools including Trembling Earth Sports Complex, Ware County High School (1,637 students), Waycross Public Library, Okefenokee Lion Club and many others
» Projected AHHI increases within 1-, 3-, and 5-mile radii over the next five years poise Roots Oil and Waycross for steady concurrent growth
» Waycross’ proximity to major highways allows for easy travel to nearby destinations such as Jacksonville, Florida, and Savannah, Georgia
» 28,094 residents live within a five-mile radius of the site, providing a consistent customer base for the property

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