244 Cordele Rd

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244 Cordele Rd

Albany, GA 31705-2405
Asking Price
$5.83M
Cap Rate
8.5%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

2.1M Annual Visitors| 5.5 WALT | 36,000 SF <ul><li>​Walmart Shadow Center in southern Georgia: Walmart generates 1.7M annual visits</li><li>​Durable Income Stream: 5.5 WALT</li><li>​Large Trade Area Covering 15-30 Minutes Away: 60,577 residents within the 15 minute radius</li><li>​Strong History at the Center of Replacing Tenants with National Retailers When One Has Left: Dollar Tree --> Rainbow, Shoe Show --> Hibbett Sports, Petsense --> Davita</li><li>​Most Visited Shopping Center on the East Side of Albany: 2.1M annual visits</li><li>

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NOI
$80,000
Cap Rate
1.37%
DSCR
0.23
Underwater
Cash-on-Cash
-15.21%
Monthly Payment
$28,818.922
Annual Cash Flow
$-265,827.061

Location & Travel Times