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Cornerstone Academy 118 Old Evans Rd 10,490 SF Retail Building Martinez, GA 30907 $2,164,800 ($206.37/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term 20-Year Absolute NNN Lease
- Corporate Guaranty
- Attractive Hedge Against Inflation
- Opportunity for Future Credit Enhancement
EXECUTIVE SUMMARY
SURMOUNT is pleased to present the exclusive listing for a Cornerstone Early Learning Center 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 Early Learning Center is subject to a 20-year Triple Net (NNN) lease, which commenced 6/5/2021. The current annual rent is $162,360 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,490 SF
Building Class
C
Year Built
1989
Price
$2,164,800
Price Per SF
$206.37
Cap Rate
7.50%
NOI
$162,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.16 AC
Zoning
C-2 - Commercial Retail
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 077C017 | Improvements Assessment | $371,427 |
| Land Assessment | $115,369 | Total Assessment | $486,796 |
PROPERTY TAXES
Parcel Number
077C017
Land Assessment
$115,369
Improvements Assessment
$371,427
Total Assessment
$486,796
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Cornerstone Academy | 118 Old Evans Rd
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