Property History
The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omni-channel presence, which includes supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; Veyer, LLC; and Varis, Inc, The ODP Corporation empowers every business, professional, and consumer to achieve more every day.
“U.S. Electrical Services, Inc. is one of the country’s largest
independent electrical supply distributors. We’re made
up of 14 companies - some of which have been around
for more than a century. We strive to hold a reputation
for being both a great company to work for and a great
company to work with.
Founded in the humble Atlanta suburb of Tucker, from the
start Lade Electric believed in providing quality products,
knowledgeable staff, and the best customer service. For
50 years we have lived those values and are proud to be
one of the best electrical supply houses in the southeast.
Today, the company boasts a 150,000-square-foot
distribution center in our hometown of Tucker, GA with
over $15 million in-stock inventory.”
100% Leased To Two (2) Tenants
Tenants Reimburse for CAM, Taxes and Insurance
25+ year operating history for office depot
New 10-Year Lease With U.S. Electric Services, Inc.
Dawson Road | 23,800 VPD
Good Population | 70,000+ 5-Mile Population
Strong Retail Corridor on Dawson Road
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 29,977-square-foot freestanding retail building in Albany, GA, in which Office Depot has over five years remaining on their previously extended long-term double net lease. The lease also features numerous renewal options and rental increases to offset inflation. Office Depot currently occupies 19,181 square feet with an additional 10,796 square feet of retail space available for lease, making this a unique value-add investment opportunity. The large 3.13-acre lot is located near the signalized corner of Westgate Drive and Dawson Road, receiving maximum visibility to over 34,700 vehicles per day. Nearby national retail tenants include Walgreens, BP, Dairy Queen, Domino’s Pizza, Dunkin’, Dollar General, Taco Bell, Family Dollar and numerous others. Additionally, the property is adjacent to numerous medical facilities, including the Phoebe Physical Medicine Center and Albany Vascular Specialist Center.
Value-Add Opportunity – 10,796 Square Feet of Retail Space Available for Lease
Strong Commitment to the Site — Office Depot Has Been at This Location for 25 Years
Over Five Years Remaining on Double Net Lease — Minimal Landlord Responsibilities
Two, Five-Year Renewal Options With Attractive Rental Increases in Each Option
Prime Retail Corridor – Taco Bell, Dairy Queen, BP, Dunkin’, Family Dollar and More
Loan History
Financial History
Tax History
Contact Information
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