For Sale
$5,039,000
9440 Nesbit Ferry RdAlpharetta, GA 30022
High-yield daycare investment, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- New 20-year lease with 2.00% annual rent increases through September 2043, plus three five-year renewal options.
- Landlord responsible only for foundation and structural repairs; tenant responsible for all other maintenance and repairs, including roof.
- 2.00% annual rent increases yield an average return exceeding 8.11% during the base lease term.
- Tenant is Primrose Schools, a leading early childhood education provider with over 500 schools nationwide and over $1 billion in systemwide sales in 2022.
- Primrose Schools is experiencing significant growth, with 104 new franchise agreements, 41 new school openings, and 17 schools under construction since 2021.
- Property is located five miles from Avalon, a premier 86-acre mixed-use development featuring retail, entertainment, and residential components.
Property Details for 9440 Nesbit Ferry Rd
- Property type
- Day care centers & nurseries, Retail properties
- Square Feet
- 10,144 SF
- Year Built/Renovated
- 1989/2022
- Lot Size (sq. ft)
- 98,446 SF
Location Insight
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Latitude
- 34.0090003
- Longitude
- -84.2811657
9440 Nesbit Ferry Rd, Alpharetta, Georgia
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