118 Old Evans Rd - Day Care Center FOR SALE


Martinez, GA 30907
$2,164,800 USD
207-272-2425
118 Old Evans Rd, Martinez, GA for Sale
$2,164,800 USD
Day Care Center - FOR SALE
1/3
null | 7.5% Cap Rate

118 Old Evans Rd
Martinez, GA 30907


HIGHLIGHTS

  • Long-Term 20-Year Absolute NNN Lease
  • Attractive Hedge Against Inflation
  • Corporate Guaranty
  • Opportunity for Future Credit Enhancement

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,164,800 USD

PRICE/SF

$206 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C-2

APN/PARCEL ID

077C017

ASK ABOUT THIS PROPERTY

Christopher UrbanSurmountMore Info
207-272-2425

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Christopher UrbanSurmountMore Info
207-272-2425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.