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Cornerstone Academy 118 Old Evans Rd 10,490 SF Retail Building Martinez, GA 30907 $2,937,634 CAD ($280.04 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long-Term 20-Year Absolute NNN Lease
- Corporate Guaranty
- Attractive Hedge Against Inflation
- Opportunity for Future Credit Enhancement
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,490 SF
Building Class
C
Year Built
1989
Price
$2,937,634 CAD
Price Per SF
$280.04 CAD
Cap Rate
7.50%
NOI
$220,323 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.16 AC
Zoning
C-2 - Commercial Retail
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 077C017 | Improvements Assessment | $507,666 CAD |
| Land Assessment | $157,686 CAD | Total Assessment | $665,353 CAD |
Property Taxes
Parcel Number
077C017
Land Assessment
$157,686 CAD
Improvements Assessment
$507,666 CAD
Total Assessment
$665,353 CAD
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Cornerstone Academy | 118 Old Evans Rd
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