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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 is a workplace products and services company serving consumers and businesses across North America. The company was founded in 1986 and is headquartered in Framingham, Massachusetts. Staples offers a broad assortment of office supplies, furniture, technology products, print and marketing services, and shipping and business solutions through a combination of retail stores, e-commerce platforms, and direct business-to-business sales channels. Over time, Staples has evolved from a traditional office-supply retailer into a provider of integrated workplace solutions supporting organizations of various sizes. Its Framingham headquarters functions as the company’s primary corporate and administrative center, overseeing executive leadership, merchandising, supply chain operations, technology, and strategic planning. Staples operates as a privately held company and does not trade on a public stock exchange.
| 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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