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501 N Slappey Blvd
Albany, GA 31701

$2,300,000 USD

Freestanding For Sale  •  23,942 SF

Property Details

• Property Type Freestanding
• Total Building Size 23,942 SF
• Lot Size 2.02 AC
• Building Class B
• Year Built 1999
• Cap Rate 7.96 %
• Tenancy Single
• Zoning C2

0 Transit Score

66 Walk Score

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.

Cap Rate:

7.96 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Staples

Public Transportation

Airport	Drive	Walk	Distance
Southwest Georgia Regional	11 min	-	4.4 mi