3180 Atlanta HwyAthens, GA 30606

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

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.

• 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

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