For Sale
$2,400,000

3180 Atlanta HwyAthens, GA 30606

High-yield daycare center, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a stabilized, single-tenant daycare center in Athens, GA. Located on a highly visible corner lot at 3180 Atlanta Hwy, this 11,524 square foot property boasts a 9% cap rate and a 6% pro-forma cap rate. The property consists of three one-story buildings on a 1.5-acre lot, built in 1992, and currently operating at 100% occupancy with a credit-rated tenant under a NNN lease expiring June 28, 2026. The lease commenced June 29, 2021, with a remaining term of four years. The property features an open floor plan with abundant natural light, ample storage space, and tenant-controlled HVAC. Its prime location within a busy commercial area, adjacent to major retailers like Walmart, ALDI, and Publix, ensures high visibility and consistent foot traffic. The daycare center has a capacity of approximately 262 children and benefits from convenient bus line access. The asking price is $2,400,000, translating to $208.26 per square foot. The property's strong performance and strategic location make it an attractive investment prospect with significant potential for future growth. The current pro-forma NOI is $144,000.

Highlights

  • $2,400,000 asking price for a stabilized retail investment.
  • NNN lease with a credit-rated tenant.
  • Single-tenant, 11,524 SF daycare center with a 4-year remaining lease term (expiring 6/28/2026).
  • 9.00% cap rate, 6.00% pro-forma cap rate; $144,000 pro-forma NOI.
  • High-visibility corner lot on Atlanta Highway in Athens, GA, near major retailers (Walmart, Aldi, Publix).
  • Three buildings totaling 11,524 square feet on a 1.5-acre lot, accommodating approximately 262 children.

Property Details for 3180 Atlanta Hwy

Property type
Day care centers & nurseries, Retail properties
Square Feet
11,524 SF
Year Built
1992
Buildings
3
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9416074
Longitude
-83.4473061
3180 Atlanta Hwy, Athens, Georgia

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3180 Atlanta Hwy
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