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2822 Nottingham Way
Albany, GA 31707
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located at a lighted intersection near all major retailers. Anchored by a Aldi supermarket. New Price Reduction of $500,000.
EXECUTIVE SUMMARY
Owner just reduced price by $500K. This NNN leased property is leased to national and regional recession proof Tenants. Anchored by Buffalo Wild Wings. The 13,500sf center is occupied by BWW, Medcare Medical Clinic, Mariner Finance, and other local tenants. Located within 1/2 mi of Albany Mall and other National retailers including Walmart, the center is shadow anchored by Aldi. Kohls and a 8screen cinema is across the street. This is truly a Class A location with multiple possibilities to add value. Owner is from out of state.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
14,939 SF
Building Class
C
Year Built
2007
Price
$3,670,000
Price Per SF
$245.67
Cap Rate
7.65%
NOI
$280,804
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.04 AC
Zoning
C2
Parking
88 Spaces (6.29 Spaces per 1,000 SF Leased)
Frontage
600’ on Nottingham Way
PROPERTY TAXES
| Parcel Number | 0000S-00016-004 | Improvements Assessment | $447,560 |
| Land Assessment | $202,800 | Total Assessment | $650,360 |
PROPERTY TAXES
Parcel Number
0000S-00016-004
Land Assessment
$202,800
Improvements Assessment
$447,560
Total Assessment
$650,360
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