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Staples 501 N Slappey Blvd 23,942 SF Retail Building Albany, GA 31701 $2,300,000 ($96.07/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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Staples began in 1986 when founders Thomas Stemberg and Leo Kahn opened their first office supply superstore in Brighton, Massachusetts. The company pioneered the big-box retail model for office products, which quickly expanded nationwide. Staples offers a wide range of office supplies, technology solutions, furniture, and print services through both physical stores and online platforms. While originally focused on retail consumers, they've increasingly emphasized business-to-business services in recent years. Staples serves millions of customers through various sales channels while maintaining its status as a major office products provider.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 000GG-00031-011 | Improvements Assessment | $513,920 |
| Land Assessment | $214,040 | Total Assessment | $727,960 |
Property Taxes
Presented by
Staples | 501 N Slappey Blvd
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