501 N Slappey Blvd - Freestanding FOR SALE
Albany, GA 31701 |
$2,300,000 USD
216-503-3610
501 N Slappey Blvd
Albany, GA 31701
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
- Over 25-Year Operating History – Staples has operated at this location since September 1999, demonstrating this store’s successful operational history
- 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.
FOR SALE DETAILS
PRICE
$2,300,000 USD
PRICE/SF
$96 USD /SF
CAP RATE
7.96%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Staples
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.02 AC
LAND SF
87,991 SF
ZONING
C2
APN/PARCEL ID
000GG-00031-011
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216-503-3610
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216-503-3610
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