Cap Rate
8.7%
$ per SF
$96
501 N Slappey Blvd, Albany, GA, 31701
Staples$2,300,000
Key Information
Tot. SF
23,942
Lot Size
2.02 Acres
Year Built
1999
Term Remaining
±3 YRS
Type
Retail
Highlights
- Recent Lease Extension – Staples Recently signed an extension for an additional 3 years through 3/31/2029. The tenant will have two remaining options with increases.
- Over 25-Year Operating History – Staples has operated at this location since September 1999, demonstrating this store’s successful operational history and longevity for the tenant. Nearby OfficeDepot also recently extended lease, demonstrating sector strength in the area.
- Below Replacement Cost – This opportunity to acquire the fee simple real estate is significantly below replacement cost at ±$96 per SF.
- Future Development Opportunity – Large Parcel (±2.02 AC) with excellent visibility – directly off of N Slappey Blvd which sees ±29,000 VPD.
Photos
Location
Agents
J
Jonah YulishLicense # 2018004451 (OH)
Broker of Record
Maxx Bauman
License # 80041 (GA)Matthews Real Estate Investment Services, Inc1600 West End Ave., Ste. 1500, Nashville, TN 37203