Albany Square
- 117,721± SF
- Offering GLA
- 13.30± AC
- Land Area
- 87.93%
- Occupancy
- 1992, 1994 / 2025
- Years Built / Ren.
- Market to Establish
- Price
- $834,644
- NOI
Why Albany Square
Strategic main and main position within the heart of the Albany retail nucleus
Just off US-82/GA-520, at the signalized intersection of Dawson Rd and N Westover Blvd, accessing 43,400 combined VPD
Complementary national anchor base comprised of Hobby Lobby, PetSmart, and Books-A-Million
Hobby Lobby ranks in the top 29% in the U.S. (#310 of 1,053) and PetSmart ranks in the top 40% (#619 of 1,558) for consumer foot traffic
Advantageously situated adjacent to Albany's only Publix — a high performing location owned by Publix since 2014
Providing a valuable essential needs shopping draw attached to and shadow-anchoring the Center, creating an additional layer of significant consumer activity
Albany Square's tenant roster is comprised of an advantageous blend of 100% national retail tenants
Including America's Best, T-Mobile, Crumbl, and Bath & Body Works
Surrounded by a plethora of national ancillary and outparcel fast casual and fast-food restaurants, increasing customer activity throughout the day
Counting Olive Garden, Panera, Checkers, Starbucks, Five Guys, Chipotle, Outback, and a brand new Dutch Bros. (coming soon)
Major component of the city's regional retail center of gravity
Which includes nearby retail draws, including Target, Burlington, Five Below, Ulta, Walmart, Ross, Lowe's, JCPenney, Belk, Dillard's, and Academy Sports
Immediately east of the Property, Albany Mall is undergoing a massive redevelopment into a mixed-use entertainment hub for the city
Including an indoor/outdoor sports venue with pickleball courts, arcade and restaurants, a 162-key dual-branded Hilton hotel, a recently opened Academy Sports, and more
Hobby Lobby boasts over 24 years of successful tenure at the Property
Further cemented by the recent execution of their latest 5-year option to extend (through 2032)
Albany, Georgia
Albany Square is extremely well located within the heart of Albany's retail center of gravity — attached to the city's only Publix store and adjacent to Target, Burlington, Ulta, Five Below and more.
Along the Flint River
Located in southwest Georgia along the Flint River, Albany serves as the economic, healthcare, and education hub for a broad multi-county region.
The city benefits from a diverse economy anchored by healthcare, manufacturing, logistics, agribusiness, and government employment. Albany State University, Marine Corps Logistics Base Albany, and Phoebe Putney Health System provide stable employment, while ongoing investment in downtown revitalization and regional infrastructure continues to strengthen the area's long-term growth and quality of life.
- SW GA Regional Airport (ABY)
- 7 mi · 15 min
- Phoebe Putney Memorial Hospital
- 691 beds
- Population (city)
- ~68,000
- Highways
- I-75 · US-19 · US-82 · GA-62 · GA-133 · GA-234 · GA-300
Property Attributes
Shadow-Anchored
by High Performing
Publix
Albany Square is attached to the only Publix within the city of Albany, providing a coveted essential needs shopping draw for the Property throughout the day. An extremely high performing store which ranks #15 in Georgia for consumer foot traffic (according to AlphaMap), Publix has owned the location since 2014.
Main & Main Position within Albany's
Retail Center of Gravity
Situated just seconds off the city's busiest thoroughfare, US-82 (194,000 VPD), which crosses the entirety of south Georgia; Albany Square is positioned at the high traffic, signalized intersection of Dawson Rd and N Westover Blvd (43,400 VPD), within the heart of the city's retail center of gravity. In addition to an unattached Publix, the Property is adjacent to the city's only Target, along with Burlington, Five Below and Ulta. Additional nearby draws include Sam's Club, Lowe's, and Walmart Supercenter.
Albany Mall Redevelopment
Immediately east of the Property, Albany Mall, which is home to JCPenney, Dillard's and (a new) Academy Sports, is undergoing a major redevelopment into a mixed-use entertainment hub set to include an indoor/outdoor sports venue with pickleball courts, arcade and restaurants, a 162-key dual-branded Hilton hotel, and more.
Albany Square benefits from an array of national QSR and fast-casual restaurants in front of and around the Property, counting Checkers, Panera, Olive Garden, Starbucks, Five Guys, Outback, Shipley Donuts, Dutch Bros. and KFC, adding an additional layer of consumer draw throughout the day.
Industry & Employers
- 01Healthcare
- 02Manufacturing
- 03Logistics & Distribution
- 04Government & Defense
- 05Higher Education
- 06Agribusiness
Albany State University
- 6,800+
- ASU Students
- 60+
- Degree Programs
- 500+
- Faculty & Staff
- 15
- NCAA D-II Teams
National Anchors. Proven Performance.
TOP RETAIL ASSET
IN THE MARKET —
STRONG NATIONAL
ANCHOR BASE
A top retail asset in the market, Albany Square boasts a strong anchor mix comprised of proven tenants, Hobby Lobby, PetSmart and Books-A-Million. With over 24 years of tenure at the Property and term through 2032, Hobby Lobby ranks in the top 29% of stores in the United States. Also a proven location, PetSmart ranks in the top 40% in the nation. A recent addition in 2025 on a new, 10-yr lease, Books-A-Million represents strong leasing momentum, supporting the ongoing viability of Albany Square within the city's retail nucleus.
100% Existing National Tenant Roster
In addition to national anchors — Hobby Lobby, PetSmart, and Books-A-Million — national shops, including Crumbl, America's Best, T-Mobile, and Bath & Body Works, account for a 100% national retail line-up, fortifying tenant roster stability while facilitating buyer ability to secure optimal financing.
Excellent Leasing Momentum + Value-Add Opportunity
Building on momentum established via a new 10-yr anchor lease with Books-A-Million for 18,387± SF, an incoming Buyer has an opportunity to continue to add value to Albany Square via the lease-up of 14,209± SF (over 12% of the Total GLA).
