Albany Crossroads

Sq. Ft.: 43,700
Built: 2000/2019

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