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Details: Retail

Asking Price: $900,000

Square Feet: 5,500 SF

Asking Cap Rate: 8%

Year Built: 1970

NOI: $72,000

Lease Structure: Absolute NNN

Buddy’s

2401 N Slappey Blvd, Albany, GA 31701

INVESTMENT HIGHLIGHTS

  • Sale/Leaseback investment opportunity
  • Multi-unit Buddy’s operator
  • NNN lease
  • Full 10 year lease term
  • Zero landlord responsibility
  • Located along one of Albany’s major retail corridors
  • Great traffic counts:
    • Over 24,000 cars daily on N Slappey Blvd

 

  • Strong demographics:
    • 5-mile population: 77,137
    • 5-mile household income: $65,296

 

  • Located across the street from a Food Lion anchored shopping center
  • New development in the area with a Jack’s restaurant recently developed next door
  • Strong demographics
    • 5-mile population: 82,807
    • 5-mile HHI: $81,590

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