Staples

Albany, GA-31701


Overview

Price $2,500,000
Cap Rate 8.00%
NOI $200,000
Leasable Area 23,942 SF
Year Built 2001
Occupancy 100%
Status Available
Price Per SF $104

Listed By

Jonah Katz
Broker
718-705-9500

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Property Highlights


NMR & Associates is pleased to offer for sale to qualified investors an attractive retail property located in Albany,
Georgia. Albany is located in the heart of central Georgia, 83 miles southeast of Columbus. It is the eighth-largest city in
Georgia with a population of 77,434. The 24045 SF property is leased to Staples which operates under a Fifteen (15) year NN
lease with approximately 2.5 years remaining. The lease features Two (2), Five (5) year renewal options with rental
increases in each option. Staples recently exercised their first renewal option early, reinforcing their overall commitment to
this location the subject property is located directly off of N. Slappy Blvd (GA 82/19), offering convenient access and excellent
visibility to 29,387 VPD.


Staples

Albany, GA, 31701
Price Per SF: $104