2358 Shallowford Rd - Day Care Center FOR SALE


Marietta, GA 30066
$3,499,000 USD
404-229-9998
2358 Shallowford Rd, Marietta, GA for Sale
$3,499,000 USD
Day Care Center - FOR SALE
1/40
null | 6% Cap Rate

2358 Shallowford Rd
Marietta, GA 30066


HIGHLIGHTS

  • Established Montessori operator with 120 locations nationwide
  • 5,117 SF school building constructed in 1981, renovated in 2021, on 1.6 acres in East Cobb
  • The property had over $700,000 in leasehold improvements completed in 2021
  • 100% leased on a 20-year NNN lease which expires in August 2041 with four 5-year options
  • Located in an area of the market experiencing growth with good access to a high-income residential base
  • Atlanta is expected to continue to see strong in-migration and population growth over the next decade

OVERVIEW

Prime investment opportunity! This 5,117 SF Montessori school facility was totally renovated in 2021, on 1.6 acres in East Cobb County. Established Montessori operator with 120 locations nationwide guarantees this long-term, 20-year NNN lease. Lease has 2% annual increases and runs through August 2041, with four 5-year options. 6% cap rate with 2025 NOI of $207,000. The facility had over $700,000 in tenant leasehold improvements completed in 2021. Located in an area of the market experiencing steady growth, with good access to a high-income residential base and solid public school systems. Atlanta and specifically the NW suburbs of Atlanta are expected to continue to see strong in-migration and population growth over the next decade.

FOR SALE DETAILS

PRICE

$3,499,000 USD

PRICE/SF

$684 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guidepost Montessori in East Cobb

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

NRC

APN/PARCEL ID

16-0339-0-042-0

ASK ABOUT THIS PROPERTY

Gary MillsHarry Norman Realtors Commercial DivisionMore Info
404-229-9998

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Gary MillsHarry Norman Realtors Commercial DivisionMore Info
404-229-9998

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