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Investment Highlights

  • Walmart Shadow Center in southern Georgia: Walmart generates 1.7M annual visits
  • Strong History at the Center of Replacing Tenants with National Retailers When One Has Left
  • One Vacant End Cap that Offers 2,360 SF with a Drive-Thru
  • Durable Income Stream: 5.5 WALT
  • Most Visited Shopping Center on the East Side of Albany: 2.1M annual visits
  • Strong NOI Growth Opportunity: 2.90% 5 Year CAGR

Executive Summary

Franklin Street is pleased to present the opportunity to acquire Albany Crossing, a 36,000 SF Walmart shadow center in Albany, Georgia. Albany, Georgia serves as the economic and healthcare hub of Southwest Georgia, drawing consumers from a broad regional trade area of more than 500,000 residents. Home to major employers including healthcare, education, manufacturing, and logistics operations, the city benefits from a diverse economic base and a stable workforce. Positioned along major transportation corridors, Albany offers strong retail fundamentals and serves as a primary shopping destination for surrounding rural communities. Albany Crossing is made up of a strong mixture of retailers and daily service operators including national tenants: Davita, Hibbett Sports, Rainbow, Sun Com Mobile, among others. The surrounding area includes other traffic generating retailers including Planet Fitness, Dollar Tree, Pilot Travel Center, Family Dollar, Walgreens, among other QSR users. The leases have strong built in rental increases and many of the long term tenants have exercised several option renewals showcasing their commitment to the site.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
36,000 SF
Building Class
B
Year Built
2010
Price
$5,825,000
Price Per SF
$161.81
Cap Rate
8.50%
NOI
$495,302
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
4.98 AC
Zoning
C3 - Commercial
Parking
162 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
580’ on Cordele Road

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Albany Vape
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • At Nail Salon
  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • -
  • Crazy Buffet
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

A local restaurant offering buffet style Chinese cuisine located in Albany, GA.

  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

DaVita traces its roots to a kidney care business founded in 1992 and later known as Total Renal Care before adopting the DaVita name in 2000. DaVita now focuses on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. DaVita also operates business lines in integrated kidney care, clinical research, physician solutions, and venture investing, reflecting a broader platform built around kidney care and related health services. The company serves patients through a wide U.S. network and also maintains an international presence outside the United States.

  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Rainbow USA Inc., commonly known as Rainbow Shops, is a privately held apparel retailer headquartered in Brooklyn, New York. Founded in 1935, the company has grown into a nationwide fashion chain offering affordable clothing, footwear, and accessories for women, juniors, plus-size shoppers, and children. Rainbow operates stores under multiple lifestyle brands and serves a broad demographic with trend-driven merchandise informed by local markets. The company is known for its emphasis on accessibility, size-inclusive offerings, and frequent inventory turnover supported by a large store network and e-commerce platform. Rainbow maintains a strong presence in urban and suburban shopping corridors and continues to expand its digital capabilities to meet evolving customer expectations.

  • Information
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Sun Com Mobile, headquartered in Sugar Land, Texas, is a privately held company founded in 2015. The company operates as a premier authorized retailer for Cricket Wireless, offering mobile devices, accessories, and wireless service plans. Over the years, Sun Com Mobile has expanded its footprint significantly, now managing hundreds of retail locations across multiple states in the U.S. The organization focuses on providing wireless solutions and related products through its extensive store network.

  • Wing Dixie & Deli
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Albany Vape Retailer - $9.99 Lorem Ipsum Jan 0000
At Nail Salon Services - $9.99 Lorem Ipsum -
Crazy Buffet Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Information - $9.99 Lorem Ipsum Jan 0000
Wing Dixie & Deli Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 9
  • 2,360 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
9 2,360 SF Retail - Now

9

Size
2,360 SF
Space Use
Retail
Position
-
Available
Now
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Planet Fitness
Regions Bank
Food Giant Supermarket
Synovus Financial Corp
Ameris Bank
Western Sizzlin

Property Taxes

Property Taxes

Parcel Number
0000J-00001-01A
Land Assessment
$202,800
Improvements Assessment
$936,240
Total Assessment
$1,139,040
  • Listing ID: 41107784

  • Date on Market: 6/30/2026

  • Last Updated:

  • Address: 244 Cordele Rd, Albany, GA 31705

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