2310 N Slappey Blvd, Albany, GA 31701

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As exclusive advisor, Newmark is pleased to present for auction Albany Plaza – a 114,169 SF, Food Lion and American Freight Furniture anchored shopping center located in Albany, Georgia. The property features national and regional tenants that account for 69% of the occupied GLA and 61% of the gross income. Moreover, at 81% occupancy, the offering presents significant value-add opportunity via the lease-up of six available suites consisting of 30,000+ square feet.

Strategically positioned along the high traffic thoroughfare of Slappey Boulevard, Albany Plaza is just north of a Phoebe Putney Memorial Hospital – a 248-bed economic juggernaut serving Albany and much of Southwest Georgia. The property enjoys a robust traffic count of 35,883 vehicles per day, strong visibility, excellent curb appeal and outstanding overall fundamentals. Coupled with the value-add leasing upside, Albany Plaza presents IRR-conscious investors with a stable in-place tenant base and the rare opportunity to significantly increase future cash flow.

• Non-contingent
• Earnest Money Deposit is 10% of the Winning Bid Amount
• Platform Fee: 3% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit Required

2310 N Slappey Blvd, Albany, GA 31701