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- LoopNet Team
2400 Sylvester Rd
Albany, GA 31705
Former Rite Aid / Walgreens · Retail Property For Sale
Investment Highlights
- $250k Guaranteed Income + Building & 1.61 AC Lot + Upside on retenant / redevelopment
- Unique, Signalized 5-way Intersection: 3 Curb Cuts on 3 Different Roads
- Hard, Highly Trafficked Corner - Oglethorpe Blvd & Sylvester Rd: 22,000 & 18,0000 VPD
PROPERTY FACTS
Amenities
- Signalized Intersection
About 2400 Sylvester Rd , Albany, GA 31705
The subject investment opportunity is an Absolute Net, single-tenant, freestanding retail property leased to Walgreens (BBB Credit). While the tenant has vacated the building, there is slightly over a 1 year remaining on the lease, during which Walgreens continues to be responsible for all costs including insurance, taxes, CAM, roof and structure. The 11,200 SF subject property was constructed in 1998, and sits on a large 1.61 acre tract. The building features a Dual Lane drive-through window, 65 parking spaces, 1 pylon sign, and 3 curb cuts. This unique intersection allow access to Oglethorpe Blvd (& Sylvester Rd), Mock Rd, E Broad St, and Old Johnson Rd. This site is strategically located on a dense retail corridor housing many notable national tenants. Major national retailers include Walmart, Walgreens, McDonalds, Wendy's, Burger King, KFC, Captain D's, Pizza Hut, Subway, Taco Bell and many others. Dougherty High School is located within a one mile radius of the property and has an enrollment of over 1,200 students.
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $352,760 |
Land Assessment | $207,480 | Total Assessment | $560,240 |
PROPERTY TAXES
- 0000J-00001-01J
- 0000J-00027-001
Learn More About Investing in Retail Properties
Listing ID: 15641689
Date on Market: 4/5/2019
Last Updated:
Address: 2400 Sylvester Rd, Albany, GA 31705
The Retail Property at 2400 Sylvester Rd, Albany, GA 31705 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.