118 Old Evans Rd - Day Care Center FOR SALE


Martinez, GA 30907
$2,365,829 USD
332-345-4222
118 Old Evans Rd, Martinez, GA for Sale
$2,365,829 USD
Day Care Center - FOR SALE
1/2
null | 7% Cap Rate

118 Old Evans Rd
Martinez, GA 30907


HIGHLIGHTS

  • Long-Term, 20-Year Absolute NNN Lease Approximately 17 Years Remaining on the Base Lease Term
  • Attractive Hedge Against Inflation The Lease Features 2.00% Annual Rental Increases Starting in July 2027
  • Corporate Guaranty The Lease Features a Corporate Guaranty from LEAP Education Partners

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Cornerstone Academy located at 118 Old Evans Road, Martinez, GA 30907. The site consists of roughly 10,490 rentable square feet of building space on an estimated 1.16-acre parcel of land. This Cornerstone Academy is subject to a 20-year Triple Net (NNN) lease, which commenced 6/5/2021. The current annual rent is $165,608 and has scheduled increases of 2.00% Annually Starting Year 7.

FOR SALE DETAILS

PRICE

$2,365,829 USD

PRICE/SF

$226 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C-2

APN/PARCEL ID

077C-017

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.