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1511 Radium Springs Rd 48,100 SF 67% Leased Retail Building Albany, GA 31705 $2,077,860 CAD ($43.20 CAD/SF) 11.65% Cap Rate
Investment Highlights
- Value-add retail center anchored by national grocery store. 11.6% OAR based in in-place tenants. Priced at only $31.19/sf
Executive Summary
Tremendous value-add opportunity for this Food Lion anchored neighborhood shopping center. Priced to sell quickly at only $31.19/sf and offered at an 11.6% OAR with in-place tenancy (at 67% occupancy)based on pro-forma. Only national grocery store serving this neighborhood/area.
Property Facts
Sale Type
Investment
Property Type
Building Size
48,100 SF
Building Class
B
Year Built
1988
Price
$2,077,860 CAD
Price Per SF
$43.20 CAD
Cap Rate
11.65%
NOI
$242,049 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
7.65 AC
Opportunity Zone
Yes
Zoning
C7
Parking
267 Spaces (5.55 Spaces per 1,000 SF Leased)
Frontage
552’ on Radium Springs Road
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Food Lion
- -
-
99,999 SF
- -
- -
- Peking House
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Radium Springs Laundromat
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Food Lion | - | 99,999 SF | - | - | ||
| Peking House | Accommodation and Food Services | 99,999 SF | - | - | ||
| Radium Springs Laundromat | - | 99,999 SF | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,390,975 CAD | |
| Land Assessment | $441,670 CAD | Total Assessment | $1,832,645 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$441,670 CAD
Improvements Assessment
$1,390,975 CAD
Total Assessment
$1,832,645 CAD
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
Presented by
SouthCore Real Estate
1511 Radium Springs Rd
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