3180 Atlanta HwyAthens, GA 30606
- Specialty properties
- 6,684 SF
Property Details for 3180 Atlanta Hwy
- Year built
- 1992
- Construction
- FRAME
- Lot size
- 1.50 AC
- Property size (Sq ft)
- 6,684 SF
- Zone code
- C-G
- Property type
- Specialty properties
- Property subtype
- Day care centers & nurseries
- APN
- 07-4- D-003-D
- APU
- 074D003D
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,146,617
- 6.5%
- $1,058,416
- 7%
- $982,815
-
Comparable approach
- Method
- Valuation
- Relative Method
- $887,474
- Geo Method
- $887,474
-
Alternative Use
- Use
- Valuation
- Residential
- $1,342,645
- Hospitality
- $1,229,856
- Educational
- $1,023,226
- Medical
- $1,058,416
- Retail
- $1,591,684
Location Insight
- City
- Athens
- County
- Clarke
- State
- Georgia
- Latitude
- 33.9416
- Longitude
- -83.4475
- CBSA code
- 12020
- CBSA name
- ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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