580 State Street

Signalized Hard Corner: The property benefits from steady traffic patterns (+/-12,000 VPD) at the Tebeau St and State St signalized hard corner, supporting tenant visibility and long-term leasing viability.
Value-Add Potential: Opportunity exists to enhance NOI through lease-up of vacancy, mark-to-market rent adjustments, or re-tenanting with stronger operators.
Service-Oriented Tenant Demand: The surrounding area supports a mix of necessity-based and service-oriented retailers, which are generally more resistant to e-commerce disruption and drive consistent daily traffic. Additionally, there is a concentration of small scale medical practices in the local area driving additional traffic.
Limited Retail Competition: Waycross serves as the primary retail & thoroughfare hub for Ware County and surrounding rural communities, creating a captive consumer base with minimal competing retail corridors.
Proximity to Retail Drivers: The asset benefits from its location within the broader Waycross retail ecosystem, including nearby regional shopping destinations that draw consumers from a wide radius.
Consistent Local Demand: Strip centers in markets like Waycross typically attract stable local and regional operators, often resulting in longer tenancy durations due to limited alternative space.

Navigation Menu