Marcus & Millichap is pleased to offer an opportunity to acquire a 43,700-square foot, 98 percent occupied multi-tenant retail center located in Albany, Georgia. The center is shadow-anchored by Walmart and the tenant base is a complementary mix of retail and service-oriented businesses
- 43,700-Square Foot, Multi-Tenant Retail Center (Two Buildings)
- Shadow-Anchored by Walmart Supercenter
- Walmart Store is a Top 5% Performer in Georgia and in the Top 6% Nationally
- Located at the Signalized Intersection of Ledo Road and Cartmell Drive with Multiple Ingress and Egress Points
- 98% Occupied | All Leases are Triple-Net
- Strong Tenant Base | Anchored by Cato (It’s Fashion Metro) and Dollar Tree
- 63% of Lease Income Derived from Corporate Tenants
- Close Proximity to Many National and Regional Retailers Including Albany Mall, Anchored by Dillard’s, JCPenney, Belk
- Other Major Retailers in the Area Include Kohl’s, Target, Sam’s Club, The Home Depot, Lowe’s, and Publix Super Market
- Recent Property Improvements Include Installation of New TPO Roofing Systems Each Accompanied by a 20-Year “No-Limit” Warranty from Johns Manville and Parking Lot Repairs Including Resealing and Restriping
- Albany is Centrally Located in Southwest Georgia and Serves as a Primary Retail Corridor for Dougherty and Lee Counties
