CHILDREN'S LEARNING ADVENTURE | AFFLUENT AREA 13175 Cogburn Rd 55,737 SF Retail Building Alpharetta, GA 30004 $8,000,000 ($143.53/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year Absolute Net Lease Featuring 7% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $161k (Twice the National Average).
- Excellent Centralized Location - Many People choose Milton as the Place to Raise their Families.
- Children’s Learning Adventure is a Childcare Facility and the Industry Leader in Offering the Highest Quality Programs for Children.
- The City of Milton is Consistently Recognized as One of the Safest Cities in the State and the Nation, with a Low Crime Rate and High Quality of Life.
- Excellent Child Care Location & Close Proximity to Local Schools including Hopewell Middle School, St. Francis High School and Cambridge High School.
EXECUTIVE SUMMARY
15 Year Absolute Net Lease | Densely Populated & Affluent Atlanta Suburb - $161k+ Avg. HHI - Milton is one of the Wealthiest Cities in Georgia | Excellent Child Care Location | W/in Strong Retail Trade Corridor | Milton considered one of the Safest Cities in the State and the Nation
Georgia Broker of Record: John Leonard | 1100 Abernathy Rd., N.E. Bldg. 500, Ste. 600 Atlanta, GA 30328 | P: (678) 808-2700 | Lic #: 252904 | John.Leonard@MarcusMillichap.com
Georgia Broker of Record: John Leonard | 1100 Abernathy Rd., N.E. Bldg. 500, Ste. 600 Atlanta, GA 30328 | P: (678) 808-2700 | Lic #: 252904 | John.Leonard@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
55,737 SF
Building Class
A
Year Built
2015
Price
$8,000,000
Price Per SF
$143.53
Cap Rate
7.50%
NOI
$600,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
3.56 AC
Zoning
C-2
Parking
51 Spaces (0.92 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Children's Learning Adventure
- Retailer
- 55,737 SF
- -
- Triple Net
- Feb 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Children's Learning Adventure | Retailer | 55,737 SF | - | Triple Net | Feb 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-5110-1040-042-2 | Improvements Assessment | $1,350,400 |
| Land Assessment | $629,760 | Total Assessment | $1,980,160 |
