5956 Old Dixie Hwy
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5956 Old Dixie Hwy
8,000 SF Retail Building Forest Park, GA 30297 $900,000 ($113/SF) 8.09% Cap Rate
Investment Highlights
- Rental Increases of 3% annually
- The property is surrounded by residential homes with a high demand for day-care services
- The property sits on .83 Acres Higly Visible from Old Dixie Road which sees over +/- 19,500 VPD
- The AC units have been replaced in the past year as well as the roof
Executive Summary
BellStreet presents this 8,000SF child/daycare building. Initial five year lease with a local daycare tenant. Two years remain on the lease term. 3% escalations per year. The tenant pays all utilities. Newly Renovated building as of the last 5 years. New AC units installed this year as well as a new roof.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1972/2023
Price
$900,000
Price Per SF
$113
Cap Rate
8.09%
NOI
$72,810
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
GB, County - Commercial General Business
Parking
10 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
110 FT on Old Dixie Hwy.
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Antwong's Learning Academy
- Educational Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Antwong's Learning Academy | Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 13-0110C-00B-003 | Total Assessment | $219,000 (2023) |
| Land Assessment | $43,400 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $175,600 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-0110C-00B-003
Land Assessment
$43,400 (2023)
Improvements Assessment
$175,600 (2023)
Total Assessment
$219,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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5956 Old Dixie Hwy
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