Walmart Shadow Center

Walmart Shadow Center

244 Cordele Road
Albany, GA

Price: $5,205,000
Cap: 8.00%
NOI: $416,385
Building Size: 36,000 SF
Lot Size: 4.98 AC

Investment Highlights

• The subject property is a 36,000 SF Walmart Supercenter shadow anchored retail center located in Albany, GA.
• The property is 93% leased with strong national brands such as Shoe Show, Rainbow Shops, DaVita and more
• The center boasts an attractive tenant mix with both National & Local (Restaurant & Daily Use) tenants
• Leasing Momentum | 2 New Leases & 4 Renewals since 2021 (73% of Total GLA)
• Strong Tenancy | Avg. Occupancy: 7.71 Years

• The center is shadow anchored by a strong-performing Walmart Supercenter that has been there for nearly a decade
• High Traffic Corridor | The center is strategically positioned off GA 300 (29,200 VPD) between Clark Ave (24,000 VPD) and Sylvester Hwy (16,400 VPD).
• Limited Competition | The center is isolated from other retail competition and serves as the busiest retail shopping center east of Albany State University (1.73M Annual Visitors)
• The subject properties tenant lineup is ideally suited for the demographics of Albany

• Albany is the eighth largest MSA in Georgia, located 150 miles from Atlanta, with a population of roughly 70,000 people
• Albany has developed and diversified an industrial economy, which includes Proctor & Gamble, MillerCoors, and Mars Chocolate North America.
• Home to Albany State University (6,400+ students) and Albany Technical College (2,500+ students)
• Albany is the heart of Plantation Trace, the southern portion of Georgia’s Southern Rivers Region, and is known to many as the Artesian City

Zach Taylor
Eric Abbott

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