For Sale
$2,900,000

5754 Attucks BlvdMorrow, GA 30260

High-yield daycare center, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 14,367-square-foot daycare center in Morrow, Georgia, currently operating under a net lease with C. Alexander Learning Academy. The property boasts a 9.11% cap rate and a substantial net operating income (NOI) of $264,314. Situated on a 2.3-acre corner lot at 5754 Attucks Boulevard, the center benefits from high visibility and convenient access. The lease, initiated January 23, 2019, and expiring January 22, 2029, includes annual rent increases of 3%, providing consistent income growth. The tenant is responsible for all operating expenses, except for roof and structure maintenance, minimizing landlord responsibilities. The property's strategic location within the Atlanta MSA, near major transportation arteries and numerous retail establishments including Kroger, Walgreens, and Walmart, ensures strong tenant demand and high visibility. A new roof was installed last year, and a renovation was completed five years prior. This investment offers a secure, high-return opportunity in a thriving market with a remaining lease term of approximately 4.2 years. The property's strong location within a densely populated area with high consumer spending on education and daycare further enhances its investment appeal. The surrounding area includes numerous elementary schools, supporting the daycare's consistent enrollment.

Highlights

  • NN lease with 3% annual rental increases.
  • 2.3-acre corner lot, high visibility on Rex Rd (20,000+ VPD), minutes from Hartsfield-Jackson Atlanta International Airport.
  • Strong demographics: $70M+ annual consumer spending on education/daycare within a 5-mile radius; population exceeding 161,550 within a 5-mile radius.
  • Over 10 feeder elementary schools within 5 miles.
  • Excellent co-tenancy: Kroger, Walgreens, Walmart, and other national retailers.
  • New roof (last year) and recent renovation (5 years ago).

Property Details for 5754 Attucks Blvd

Property type
Day care centers & nurseries, Retail properties
Square Feet
14,367 SF
Lot Size (sq. ft)
100,188 SF

Location Insight

City
Morrow
County
Clayton
State
Georgia
Latitude
33.59745685
Longitude
-84.31892408
5754 Attucks Blvd, Morrow, Georgia

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5754 Attucks Blvd
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