Rite Aid
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

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Joseph Werner

Senior Advisor

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PROPERTY ADDRESS

300 S. Slappey Blvd., Albany, GA 31701

PROPERTY INFORMATION

Price:
$2,059,588
Cap Rate:
9.0%
Term Remaining:
1+ year Years
Year Built:
1998
Status:
Available

INVESTMENT HIGHLIGHTS

  • 10,908 SF Rite Aid Pharmacy Situated on Large 1.49 Acre Parcel
  • Absolute Net Lease with No Landlord Responsibilities
  • 59 Surface Parking Spaces | Multiple Ingress and Egress

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Rite Aid Pharmacy located at 300 S Slappey Blvd. in Albany, GA. This twenty year absolute net lease has no landlord responsibilities and there is over one year remaining on the initial term. The lease has four, five year options with variable rent increases at each option.

The subject property has over 78,300 residents within five miles and is situated in a local retail area of Albany. The median home value within five miles exceeds $104,000 and the average household income exceeds $48,000. The subject property is located near other national retail tenants including Sav-a-Lot, AutoZone, Family Dollar, Burger King, Dollar General, Walgreens, Krystal and Advance Auto Parts.