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CHILDREN'S LEARNING ADVENTURE | AFFLUENT AREA 13175 Cogburn Rd 55,737 SF Retail Building Alpharetta, GA 30004 $7,500,000 ($134.56/SF) 8% 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
14 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
B
Year Built
2015
Price
$7,500,000
Price Per SF
$134.56
Cap Rate
8%
NOI
$600,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
4.17 AC
Zoning
C-2
Parking
51 Spaces (0.92 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Air Conditioning
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 |
Property Taxes
Parcel Number
22-5110-1040-042-2
Land Assessment
$629,760
Improvements Assessment
$1,350,400
Total Assessment
$1,980,160
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CHILDREN'S LEARNING ADVENTURE | AFFLUENT AREA | 13175 Cogburn Rd
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