118 Old Evans RdMartinez, GA 30907

Property Details for 118 Old Evans Rd

Year built

1989

Lot size

1.16 AC

Property size (Sq ft)

10,490 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This fee-simple investment opportunity presents a 10,490-square-foot childcare center, Cornerstone Academy, situated on a 1.16-acre lot in Martinez, GA. The property boasts a strong 20-year triple-net (NNN) lease with approximately 16.6 years remaining, commencing June 5, 2021, and expiring June 30, 2041. The current annual net operating income (NOI) is $165,608, representing a 7.00% cap rate on the $2,365,829 asking price. The lease includes a corporate guarantee from LEAP Education Partners, a growing early childhood education provider with multiple locations. Annual rent increases of 2% are scheduled to begin in July 2027. The property is 100% occupied and benefits from a prime location less than five miles from the Augusta National Golf Club, within a high-demand area with a strong local economy and favorable demographics. The surrounding area has over 132,000 residents within a five-mile radius, and average household incomes within three miles exceed $100,000. The property's proximity to Doctors Hospital of Augusta, a major healthcare facility, further enhances its appeal. Built in 1989, this investment offers long-term stability, growth potential tied to the tenant's expansion plans, and an attractive market position. The median age within five miles is 38.9 years, ideal for early childhood education services.

Location Insight

City

Martinez

County

Columbia

State

Georgia

Latitude

33.5138

Longitude

-82.0964

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].