3375 Florence RdPowder Springs, GA 30127

Property Details for 3375 Florence Rd

Year built

2000

Lot size

2.73 AC

Property size (Sq ft)

10,851 SF

Zone code

CRC

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

19073100860

APU

19073100860

Description

This exceptional investment opportunity presents a fee-simple ownership of a 10,851-square-foot daycare center in Powder Springs, Georgia, operating as a Big Blue Marble Academy. The property, built in 1970 and situated on a 2.73-acre lot, boasts a 14.3-year remaining lease term (commencing February 15, 2024, and expiring February 27, 2039) with a corporate guarantee from Big Blue Marble Academy, a nationally recognized brand with over 75 locations. The absolute NNN lease structure ensures minimal landlord responsibilities, featuring a 6.25% cap rate and a Net Operating Income (NOI) of $240,000. Rent increases are built-in at 2% annually. The property is strategically located near major retailers including Walmart, Sam's Club, Target, and Best Buy, benefiting from a high average household income exceeding $119,000 within a one-mile radius and a population exceeding 103,000 within a five-mile radius, projected to grow by 3.42% by 2028. The asking price is $3,840,000 ($353.88 per square foot). Lease options include 3 and 5-year extensions. This is a single-tenant, 100% occupied property offering a secure and profitable investment in a rapidly growing area. The property is located at 3375 Florence Rd, Powder Springs, GA 30127.

• CAP approach

  CAP return

  Valuation

  6%

  $2,243,396

  6.5%

  $2,070,827

  7%

  $1,922,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,032,647

  Geo Method

  $2,434,086

• Alternative Use

  Use

  Valuation

  Residential

  $2,626,931

  Hospitality

  $2,406,255

  Educational

  $2,001,976

  Medical

  $2,070,827

  Retail

  $3,114,184

Location Insight

City

Powder Springs

County

Cobb

State

Georgia

Latitude

33.8739

Longitude

-84.7019

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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