9440 Nesbit Ferry RdAlpharetta, GA 30022
- Specialty properties
- 10,144 SF
Property Details for 9440 Nesbit Ferry Rd
- Year built
- 1989
- Lot size
- 2.26 AC
- Property size (Sq ft)
- 10,144 SF
- Property type
- Specialty properties
- Property subtype
- Day care centers & nurseries
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,144 square foot daycare center in Alpharetta, Georgia, leased to Primrose School, a leading early childhood education provider. The property boasts a new 20-year net lease (NNN) commencing February 1, 2023, and expiring January 31, 2043, with three, five-year renewal options. The lease includes a favorable 2.00% annual rent increase, ensuring consistent rental growth and a strong return on investment. The current annual net operating income (NOI) is $352,723, representing a 7.00% cap rate. Built in 1989 and renovated in 2022, the property sits on a 2.26-acre lot at 9440 Nesbit Ferry Rd, Alpharetta, GA 30022. Landlord responsibilities are limited to foundation and structural elements, with the tenant responsible for all other maintenance and repairs. The property enjoys 100% occupancy and benefits from its location in a thriving area, approximately five miles from the Avalon development, a premier shopping and entertainment district. Alpharetta is consistently ranked among the top places to live in Georgia, boasting a highly educated population and strong economic growth. This offering provides a secure, long-term investment with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.
Location Insight
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Latitude
- 34.009
- Longitude
- -84.2812
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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