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108 S Westover Blvd 41,963 SF Retail Building Albany, GA 31707 $12,425,053 ($296.10/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Credit Rating "AA" - S&P/Fitch
- Walmart fuel and convenience store
- Four (4), Five-Year Tenant Renewal Options w/ increases
- Walmart went through a substantial renovation and expansion in 2024
EXECUTIVE SUMMARY
The property is adjacent to Albany State University's West Campus spanning 186 acres and including the Darton College of Health Professionals. In 2024, Walmart invested heavily in this property enhancement and expansion showing their commitment to the site.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $14.06
- Double Net
- Dec 2034
Neighborhood Markets offer a convenient shopping experience for customers who need groceries, pharmaceuticals and general merchandise. Generally, they are located in markets with Wal-Mart Supercenters, supplementing a strong food distribution network and providing added convenience while maintaining Wal-Mart’s Every Day Low Prices. First opened in 1998 Neighborhood Markets, averaging 42,000 square feet, feature a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $14.06 | Double Net | Dec 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $958,480 | |
| Land Assessment | $471,000 | Total Assessment | $1,429,480 |
PROPERTY TAXES
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108 S Westover Blvd
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