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Cornerstone Academy 118 Old Evans Rd

10,490 SF Retail Building Martinez, GA 30907 $3,353,492 CAD ($320 CAD/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 Centre
Building Size
10,490 SF
Building Class
C
Year Built
1989
Price
$3,353,492 CAD
Price Per SF
$320 CAD
Cap Rate
7%
NOI
$234,744 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
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 $522,665 CAD
Land Assessment $162,345 CAD Total Assessment $685,010 CAD

PROPERTY TAXES

Parcel Number
077C017
Land Assessment
$162,345 CAD
Improvements Assessment
$522,665 CAD
Total Assessment
$685,010 CAD
(332) 345-4222

Contacts

  • Listing ID: 33309247

  • Date on Market: 2024-09-26

  • Last Updated:

  • Address: 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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