Cornerstone Academy | 118 Old Evans Rd
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Cornerstone Academy 118 Old Evans Rd
10,490 SF Retail Building Martinez, GA 30907 £1,851,143 (£176/SF) 7% Net Initial Yield
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.
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 Centre
Building Size
10,490 SF
Building Class
C
Year Built
1989
Price
£1,851,143
Price Per SF
£176
Net Initial Yield
7%
NOI
£129,580
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Land Acres
1.16 AC
Zoning
C-2 - Commercial Retail
Frontage
Amenities
- Pylon Sign
- Signage
- Signalised Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 077C017 | Improvements Assessment | £290,623 |
| Land Assessment | £90,270 | Total Assessment | £380,894 |
PROPERTY TAXES
Parcel Number
077C017
Land Assessment
£90,270
Improvements Assessment
£290,623
Total Assessment
£380,894
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Power Broker Glen Kunofsky -
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Cornerstone Academy | 118 Old Evans Rd
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