Office Supply
Office Depot
2406 Westgate Dr, Albany, GA 31707
Listing Price: $3,000,000
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 29,977-square-foot freestanding retail building in Albany, GA, in which Office Depot has over five years remaining on their previously extended long-term double net lease. The lease also features numerous renewal options and rental increases to offset inflation. Office Depot currently occupies 19,181 square feet with an additional 10,796 square feet of retail space available for lease, making this a unique value-add investment opportunity. The large 3.13-acre lot is located near the signalized corner of Westgate Drive and Dawson Road, receiving maximum visibility to over 34,700 vehicles per day. Nearby national retail tenants include Walgreens, BP, Dairy Queen, Domino’s Pizza, Dunkin’, Dollar General, Taco Bell, Family Dollar and numerous others. Additionally, the property is adjacent to numerous medical facilities, including the Phoebe Physical Medicine Center and Albany Vascular Specialist Center.
Office Depot
Investment Highlights
- Value-Add Opportunity – 10,796 Square Feet of Retail Space Available for Lease
- Strong Commitment to the Site — Office Depot Has Been at This Location for 25 Years
- Over Five Years Remaining on Double Net Lease — Minimal Landlord Responsibilities
- Two, Five-Year Renewal Options With Attractive Rental Increases in Each Option
- Prime Retail Corridor – Taco Bell, Dairy Queen, BP, Dunkin', Family Dollar and More
Exclusively Listed By
Broker of Record
Listing Price: $3,000,000
Investment Highlights
- Value-Add Opportunity – 10,796 Square Feet of Retail Space Available for Lease
- Strong Commitment to the Site — Office Depot Has Been at This Location for 25 Years
- Over Five Years Remaining on Double Net Lease — Minimal Landlord Responsibilities
- Two, Five-Year Renewal Options With Attractive Rental Increases in Each Option
- Prime Retail Corridor – Taco Bell, Dairy Queen, BP, Dunkin', Family Dollar and More
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 29,977-square-foot freestanding retail building in Albany, GA, in which Office Depot has over five years remaining on their previously extended long-term double net lease. The lease also features numerous renewal options and rental increases to offset inflation. Office Depot currently occupies 19,181 square feet with an additional 10,796 square feet of retail space available for lease, making this a unique value-add investment opportunity. The large 3.13-acre lot is located near the signalized corner of Westgate Drive and Dawson Road, receiving maximum visibility to over 34,700 vehicles per day. Nearby national retail tenants include Walgreens, BP, Dairy Queen, Domino’s Pizza, Dunkin’, Dollar General, Taco Bell, Family Dollar and numerous others. Additionally, the property is adjacent to numerous medical facilities, including the Phoebe Physical Medicine Center and Albany Vascular Specialist Center.
Exclusively Listed By
Broker of Record
