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Cornerstone Academy 118 Old Evans Rd

10,490 SF Retail Building Martinez, GA 30907 $2,365,829 ($226/SF) 7% Cap Rate

Retail Space Georgia Martinez 118 Old Evans Rd, Martinez, GA 30907

Investment Highlights

  • Long-Term, 20-Year Absolute NNN Lease Approximately 17 Years Remaining on the Base Lease Term
  • Corporate Guaranty The Lease Features a Corporate Guaranty from LEAP Education Partners
  • Attractive Hedge Against Inflation The Lease Features 2.00% Annual Rental Increases Starting in July 2027

Executive Summary

NNN Pro is pleased to present the exclusive listing for a
Cornerstone Academy 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 Academy is subject to a 20-year Triple Net
(NNN) lease, which commenced 6/5/2021. The current annual
rent is $165,608 and has scheduled increases of 2.00% Annually
Starting Year 7.

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
$2,365,829
Price Per SF
$226
Cap Rate
7%
NOI
$165,608
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
1.16 AC
Zoning
C-2 - Commercial Retail
Frontage
303 FT on Martinez Blvd

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
1 of 1
118 Old Evans Rd, Martinez, GA - aerial map view

Nearby Major Retailers

Storage Sense
Golden Corral
Checkers
ALDI
CrossFit
First Citizens Bank
Planet Fitness
Kroger
WW
Starbucks

PROPERTY TAXES

Parcel Number 077C017 Improvements Assessment $371,427
Land Assessment $115,369 Total Assessment $486,796

PROPERTY TAXES

Parcel Number
077C017
Land Assessment
$115,369
Improvements Assessment
$371,427
Total Assessment
$486,796
(332) 345-4222

  • Listing ID: 33309247

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 118 Old Evans Rd, Martinez, GA 30907

More public record information on 118 Old Evans Rd, Martinez, GA 30907

The Retail Property at 118 Old Evans Rd, Martinez, GA 30907 is currently available For Sale. Contact NNN Pro Group for more information.

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118 Old Evans Rd, Martinez, GA for sale Building Photo- Image 1 of 3
118 Old Evans Road, Martinez, GA main
118 Old Evans Rd, Martinez, GA for sale Aerial- Image 2 of 3
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Cornerstone Academy | 118 Old Evans Rd
(332) 345-4222 x

Cornerstone Academy | 118 Old Evans Rd

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Jack Winslow

(203) 921-7155

(203) 921-7155

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