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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 Under Contract
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Staples is a U.S.-based retailer and business services company providing office supplies, furniture, technology products, and workplace services to consumers and organizations. The company was founded in 1986, with its first store opening in Brighton, Massachusetts, introducing a large-format office supply retail model focused on consolidated purchasing and broad product availability. Over time, Staples expanded beyond traditional retail to include business-to-business delivery, e-commerce, print and marketing services, shipping support, and workplace solutions for small, mid-sized, and enterprise customers.
| 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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