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Shopping Strip

Walmart Shadow Center

244 Cordele Rd, Albany, GA 31705

Listing Price: $5,745,000

Cap Rate
7.25%
Gross SF
36,000
Rentable SF
36,000
Price/Gross SF
$159.58
Lot Size
4.98 acres
Year Built
2011

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The subject property is a 36,000 SF Walmart Supercenter shadow anchored retail center located in Albany, GA. • The property is 93% leased with strong national brands such as Shoe Show, Rainbow Shops, DaVita and more • The center boasts an attractive tenant mix with both National & Local (Restaurant & Daily Use) tenants • Leasing Momentum | 2 New Leases & 4 Renewals since 2021 (73% of Total GLA) • Strong Tenancy | Avg. Occupancy: 7.71 Years STRATEGIC LOCATION • The center is shadow anchored by a strong-performing Walmart Supercenter that has been there for nearly a decade • High Traffic Corridor | The center is strategically positioned off GA 300 (29,200 VPD) between Clark Ave (24,000 VPD) and Sylvester Hwy (16,400 VPD). • Limited Competition | The center is isolated from other retail competition and serves as the busiest retail shopping center east of Albany State University (1.73M Annual Visitors) • The subject properties tenant lineup is ideally suited for the demographics of Albany ALBANY, GA • Albany is the eighth largest MSA in Georgia, located 150 miles from Atlanta, with a population of roughly 70,000 people • Albany has developed and diversified an industrial economy, which includes Proctor & Gamble, MillerCoors, and Mars Chocolate North America. • Home to Albany State University (6,400+ students) and Albany Technical College (2,500+ students) • Albany is the heart of Plantation Trace, the southern portion of Georgia’s Southern Rivers Region, and is known to many as the Artesian City

Investment Highlights

  • Dominant Center in Market
  • 93% Leased To Strong National Tenants
  • 1.73M Annual Visits
  • 2 Leases & 4 Renewals Since 2021 73% of GLA
  • Average Occupancy 7.71 Years
  • Anchored By Strong Performing Walmart

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Shopping Strip

Walmart Shadow Center

Listing Price: $5,745,000

Cap Rate
7.25%
Gross SF
36,000
Rentable SF
36,000
Price/Gross SF
$159.58
Lot Size
4.98 acres
Year Built
2011

Investment Highlights

  • Dominant Center in Market
  • 93% Leased To Strong National Tenants
  • 1.73M Annual Visits
  • 2 Leases & 4 Renewals Since 2021 73% of GLA
  • Average Occupancy 7.71 Years
  • Anchored By Strong Performing Walmart

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The subject property is a 36,000 SF Walmart Supercenter shadow anchored retail center located in Albany, GA. • The property is 93% leased with strong national brands such as Shoe Show, Rainbow Shops, DaVita and more • The center boasts an attractive tenant mix with both National & Local (Restaurant & Daily Use) tenants • Leasing Momentum | 2 New Leases & 4 Renewals since 2021 (73% of Total GLA) • Strong Tenancy | Avg. Occupancy: 7.71 Years STRATEGIC LOCATION • The center is shadow anchored by a strong-performing Walmart Supercenter that has been there for nearly a decade • High Traffic Corridor | The center is strategically positioned off GA 300 (29,200 VPD) between Clark Ave (24,000 VPD) and Sylvester Hwy (16,400 VPD). • Limited Competition | The center is isolated from other retail competition and serves as the busiest retail shopping center east of Albany State University (1.73M Annual Visitors) • The subject properties tenant lineup is ideally suited for the demographics of Albany ALBANY, GA • Albany is the eighth largest MSA in Georgia, located 150 miles from Atlanta, with a population of roughly 70,000 people • Albany has developed and diversified an industrial economy, which includes Proctor & Gamble, MillerCoors, and Mars Chocolate North America. • Home to Albany State University (6,400+ students) and Albany Technical College (2,500+ students) • Albany is the heart of Plantation Trace, the southern portion of Georgia’s Southern Rivers Region, and is known to many as the Artesian City

Exclusively Listed By

Financing By

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