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33883566
33883553

244 Cordele Rd, Albany, GA 31705-2405

LW
GA 422875
Franklin Street Atlanta
JT
GA FL 124147
Franklin Street Atlanta
Franklin Street Atlanta
Listed by Franklin Street Atlanta
$5,825,000
6 days on market
Updated 6 days ago

Albany Crossing - Walmart Shadow

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 36,000
Cap Rate 8.50%
NOI $495,302
Occupancy 93.44%
Tenancy Multi
Price per SqFt $162
Year Built 2010
Buildings 1
Acreage 5.070
Zoning C-4 Commercial
Parking Spaces 162 spaces
Parking Per SqFt 4.50
Investment Type Stabilized
Ownership Fee Simple

2.1M Annual Visitors| 5.5 WALT | 36,000 SF

Marketing description

Franklin Street is pleased to present the opportunity to acquire Albany Crossing, a 36,000 SF Walmart shadow center in Albany, Georgia. Albany, Georgia serves as the economic and healthcare hub of Southwest Georgia, drawing consumers from a broad regional trade area of more than 500,000 residents. Home to major employers including healthcare, education, manufacturing, and logistics operations, the city benefits from a diverse economic base and a stable workforce. Positioned along major transportation corridors, Albany offers strong retail fundamentals and serves as a primary shopping destination for surrounding rural communities. Albany Crossing is made up of a strong mixture of retailers and daily service operators including national tenants: Davita, Hibbett Sports, Rainbow, Sun Com Mobile, among others. The surrounding area includes other traffic generating retailers including Planet Fitness, Dollar Tree, Pilot Travel Center, Family Dollar, Walgreens, among other QSR users. The leases have strong built in rental increases and many of the long term tenants have exercised several option renewals showcasing their commitment to the site.

Investment highlights

  • Walmart Shadow Center in southern Georgia: Walmart generates 1.7M annual visits
  • Durable Income Stream: 5.5 WALT
  • Large Trade Area Covering 15-30 Minutes Away: 60,577 residents within the 15 minute radius
  • Strong History at the Center of Replacing Tenants with National Retailers When One Has Left: Dollar Tree --> Rainbow, Shoe Show --> Hibbett Sports, Petsense --> Davita
  • Most Visited Shopping Center on the East Side of Albany: 2.1M annual visits
  • One Vacant End Cap that Offers 2,360 SF with a Drive-Thru
  • Strong NOI Growth Opportunity: 2.90% 5 Year CAGR
  • High Traffic Corridor: 22,000 VPD on Clark Ave, 17,000 VPD on Slyvester Road

Listing Contacts

LW
GA 422875
Franklin Street Atlanta
JT
GA FL 124147
Franklin Street Atlanta
Franklin Street Atlanta
Listed by Franklin Street Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$495,302.00
$41,275.17/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

Map

Zoning

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AG AgricultureAgricultural
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Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Logan Wolfington
License
422875
Brokerage
Franklin Street Real Estate Services
Title
Senior Associate
Brokerage Address
3384 Peachtree Road Northeast
Name
John Tennant
License
FL 124147
Brokerage
Franklin Street
Brokerage Phone
4043861700
Brokerage Address
3384 Peachtree Road Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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