This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.com.

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

Property Type
Retail
Property Subtype
Drug Store
Building Size
11,898 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.84 AC
Zoning
C3
Frontage
267 FT on Sylvester Rd

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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0000J-00001-01J
  • 0000J-00027-001
Land Assessment
$207,480
Improvements Assessment
$352,760
Total Assessment
$560,240
  • Listing ID: 15641689

  • Date on Market: 4/5/2019

  • Last Updated:

  • Address: 2400 Sylvester Rd, Albany, GA 31705

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}