Office Depot
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PROPERTY INFORMATION
Price:
$4,069,345
Cap Rate:
8.25%
Term Remaining:
9+ years Years
Year Built:
1997
Status:
Available
INVESTMENT HIGHLIGHTS
- 19,181 SF Office Depot Store on 3.13 Acres | 10,796 SF of Adjacent Space Available in the Same Building with a 2 Year Master Lease at Under Market Rent
- Office Depot Recently Extended for 10 Years | Tenant since 1997
- Two, Five Year Options | Variable (~7.0%) Rent Bumps at Each Option
- Corporate Guaranteed Lease | S&P Rating "B"
- 1.5 Miles From the Albany Mall | Major Retail Corridor Drawing Traffic From Southwest Georgia
- 10 Mile Population Exceeds 105,000 Residents
- 3 Mile Median Home Value Exceeds $139,000
- 3 Mile Average Household Income Exceeds $68,000