Shopping Strip

Junction Shopping Center

Listing Price: $1,900,000

Cap Rate
17.39%
Gross SF
44,168
Rentable SF
44,168
Price/Gross SF
$43.02
Lot Size
3.72 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire NNN Leased Retail Center- Fitness Anchored, a 44,168 SF retail property located in Albany, Georgia on 3.72 acres. The Property is currently 100% occupied by Bodyworks Fitness and Brady's Best Buys, a regional discount furniture store. Bodyworks Fitness has 15-years remaining and provides an investor with the opportunity to purchase an income-producing property with zero landlord responsibilities.

Bodyworks Fitness is a two-unit regional fitness chain with over 3,500 members across their sites. The company has a holistic approach to fitness with multiple revenue streams, including tanning, free child care at their locations, massage therapy, personal training, meal prepping, and an additional heavy-lifting portion of the gym for an extra fee, which drives revenue.

The center benefits from its high-density location in Albany, with over 50,000 total vehicles per day and a population of 100,000 people in a 10-mile radius. The center is shadow-anchored by a Wal-Mart Supercenter, which drives significant traffic to the gym. There is no other major competition on the east side of Albany. As a hard corner location with monument signage, it ensures the site is prominent.

Investment Highlights

  • Long-Term 15-Year Absolute NNN Lease Gym
  • Shadow anchored by a high-traffic Walmart Supercenter
  • Capital Improvements of over $850,000 in 2020
  • Strong Demographics with 50,000 total VPD and 45,000 people in 5-mile radius
  • 44,168 SF, shadow-anchored, fully occupied retail building in Albany, GA

Exclusively Listed By

Shopping Strip

Junction Shopping Center

Listing Price: $1,900,000

Cap Rate
17.39%
Gross SF
44,168
Rentable SF
44,168
Price/Gross SF
$43.02
Lot Size
3.72 acres
Year Built
1982

Investment Highlights

  • Long-Term 15-Year Absolute NNN Lease Gym
  • Shadow anchored by a high-traffic Walmart Supercenter
  • Capital Improvements of over $850,000 in 2020
  • Strong Demographics with 50,000 total VPD and 45,000 people in 5-mile radius
  • 44,168 SF, shadow-anchored, fully occupied retail building in Albany, GA

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire NNN Leased Retail Center- Fitness Anchored, a 44,168 SF retail property located in Albany, Georgia on 3.72 acres. The Property is currently 100% occupied by Bodyworks Fitness and Brady's Best Buys, a regional discount furniture store. Bodyworks Fitness has 15-years remaining and provides an investor with the opportunity to purchase an income-producing property with zero landlord responsibilities.

Bodyworks Fitness is a two-unit regional fitness chain with over 3,500 members across their sites. The company has a holistic approach to fitness with multiple revenue streams, including tanning, free child care at their locations, massage therapy, personal training, meal prepping, and an additional heavy-lifting portion of the gym for an extra fee, which drives revenue.

The center benefits from its high-density location in Albany, with over 50,000 total vehicles per day and a population of 100,000 people in a 10-mile radius. The center is shadow-anchored by a Wal-Mart Supercenter, which drives significant traffic to the gym. There is no other major competition on the east side of Albany. As a hard corner location with monument signage, it ensures the site is prominent.

Exclusively Listed By

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