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Staples 501 N Slappey Blvd 23,942 SF Retail Building Albany, GA 31701 $3,236,100 CAD ($135.16 CAD/SF) 8.70% Cap Rate
Investment Highlights
- Recent Lease Extension – Staples Recently signed an extension for an additional 3 years through 3/31/2029. The tenant will have two remaining options
- Below Replacement Cost – This opportunity to acquire the fee simple real estate is significantly below replacement cost at ±$96 per SF.
- Over 25-Year Operating History – Staples has operated at this location since September 1999, demonstrating this store’s successful operational history
- Future Development Opportunity – Large Parcel (±2.02 AC) with excellent visibility – directly off of N Slappey Blvd which sees ±29,000 VPD.
Executive Summary
Broker of Record
Maxx Bauman
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Maxx Bauman
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,942 SF
Building Class
B
Year Built
2001
Price
$3,236,100 CAD
Price Per SF
$135.16 CAD
Cap Rate
8.70%
NOI
$281,400 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.02 AC
Zoning
C2
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Staples began in 1986 in Massachusetts as an office supply retailer built around the superstore concept. The company sells office supplies, furniture, technology, cleaning products, and print and marketing services, and its business spans retail, Staples Business, and Staples.com. Staples serves businesses and consumers with workspace products, shipping, travel, recycling, and other in-store services across a broad U.S. presence, while continuing to support enterprise purchasing and online ordering.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 000GG-00031-011 | Improvements Assessment | $729,874 CAD |
| Land Assessment | $303,982 CAD | Total Assessment | $1,033,856 CAD |
Property Taxes
Parcel Number
000GG-00031-011
Land Assessment
$303,982 CAD
Improvements Assessment
$729,874 CAD
Total Assessment
$1,033,856 CAD
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Staples | 501 N Slappey Blvd
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