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Gwinnett School Of Music 2057 Grayson Hwy 6,264 SF 100% Leased Retail Building Grayson, GA 30017 $1,695,432 ($270.66/SF) 7.25% Cap Rate
Investment Highlights
- 2 Free-Standing Building, 2 Tenant Property- Beside City Of Grayson Amphitheater & Park
- Grayson Landmark Buildings- The McConnell House and New (2018) Dance School/Event Center
- 7.25% Cap Rate
- Fully Leased -2 Tenant Investment Property- Longstanding, Solid Tenants
- High Visibility & Heavy Traffic - 47,000 Cars Per Day
- In the Path of Progress- new Retailers, Housing Developments & Excellent Schools
Executive Summary
2 Tenant, 2 Free-standing Building, Fully leased property. 2 long-term tenants ( Ensemble Performing Arts, dba Gwinnett School of Music (Nat'l Tenant with 125+ locations) and Gwinnett Performing Arts, dba Gwinnett School of Dance- beloved community staples) with solid runway left on their leases and a five yr. option to renew for both. 3% Annual Increases, NNN with minimal Landlord responsibilities. 7.25% Cap Rate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,264 SF
Building Class
C
Year Built/Renovated
1910/2018
Price
$1,695,432
Price Per SF
$270.66
Cap Rate
7.25%
NOI
$122,919
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.78 AC
Zoning
OI, Grayson - Office Institution
Parking
33 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
102’ on Grayson Hwy
Amenities
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gwinnett School Of Dance/ Gwinnett Performing Arts
- Arts, Entertainment, and Recreation
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99,999 SF
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Lorem Ipsum
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- Educational Services
-
99,999 SF
- -
- -
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The Gwinnett School of Music was established in 1984. Since then we have taught literally thousands of students the gift of music. Our faculty is second to none in the Atlanta area.The faculty at the Gwinnett School of Music consists of over 50 instructors. They are all degreed and or working professional musicians who teach and perform. Many of them have advanced degrees in music and have certification in their particular field of expertise. Recitals, competitions and other special activities are organized for our students on a regular basis.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gwinnett School Of Dance/ Gwinnett Performing Arts | Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | - | |
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Educational Services | 99,999 SF | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-136-026 | Improvements Assessment | $267,200 |
| Land Assessment | $74,760 | Total Assessment | $341,960 |
Property Taxes
Parcel Number
5-136-026
Land Assessment
$74,760
Improvements Assessment
$267,200
Total Assessment
$341,960
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Gwinnett School Of Music | 2057 Grayson Hwy