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1529 Mundys Mill Rd 5,905 SF Retail Building Jonesboro, GA 30238 $2,000,000 ($338.70/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with ±9.5 years remaining and 1.5% annual increases.
- Tenant investing $500,000 in capital improvements, showing long-term commitment.
- Located in Atlanta MSA, a top 10 market with strong population growth.
- La Petite Academy is the second-largest childcare provider in the U.S. with 1,100+ locations.
- Offered at $2,000,000, less than half the price of comparable daycare assets.
- New 10-year corporate guaranteed lease with two 5-year options.
Executive Summary
Maxx Bauman
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 80041, 451849 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
5,905 SF
Building Class
B
Year Built
1990
Price
$2,000,000
Price Per SF
$338.70
Cap Rate
6.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.68 AC
Zoning
GB - General Business
Parking
17 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
118’ on Mundys Mill Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
At La Petite Academy, children experience all the joys of childhood while forming strong social and educational foundations. Children learn to respect one another and to work together as they have fun. Here, they discover the joy of learning. As a STEM educator, science, technology, engineering, and math are integrated into everything they do in the classroom. Petite Academy's collaborative, nurturing classrooms offer programs that range from infant care to school-age clubs. Discover the joy of learning. Discover La Petite Academy.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-00062-063-012 | Improvements Assessment | $319,680 |
| Land Assessment | $23,680 | Total Assessment | $343,360 |
Property Taxes
Parcel Number
06-00062-063-012
Land Assessment
$23,680
Improvements Assessment
$319,680
Total Assessment
$343,360
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1529 Mundys Mill Rd
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