For Sale
$820,000

1007 Oglethorpe Blvd Albany, GA 31705

NNN Leased Automotive Site, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 13,428 square foot, single-tenant retail building located at 1007 E. Oglethorpe Blvd in Albany, Georgia. Currently 100% occupied by an automotive tenant under an Absolute NNN lease, this property boasts a strong 5.85% cap rate and a substantial net operating income (NOI) of $48,000. The lease expires on April 30, 2026, leaving approximately 1.4 years remaining. The property, classified as Class B, underwent renovations in 2021 and sits on a generous 3.39-acre lot. The asking price is $820,000, translating to a price per square foot of $61.07. The building is a single-story structure, offering convenient access and ample space. The tenant's occupancy commenced on August 3, 2021. This property is ideally suited for investors seeking a stable, income-producing asset in a desirable location. The 1031 exchange eligibility adds further appeal to this attractive investment opportunity. This is a drive-time NNN leased site, minimizing landlord responsibilities and maximizing passive income potential. The property's location in Dougherty County, Georgia, offers excellent visibility and accessibility.

Property Details for 1007 Oglethorpe Blvd

Property type
Retail properties, Automotive properties
Square Feet
13,428 SF
Class
B
Year Renovated
2021
Buildings
1
Stories
1
Lot Size (sq. ft)
147,668 SF

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.572750437665
Longitude
-84.127329912279

FAQs

What type of property is this?
Retail property - NNN Leased Automotive Site, High ROI
Where is the retail property located?
The property is located at 1007 Oglethorpe Blvd Albany, GA.
What is the asking price?
The asking price for this property is $820,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1007 Oglethorpe Blvd
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