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OFFERING SUMMARY

  • Location: Locust Grove, GA (Atlanta MSA)
  • Address: 655 Strickland Road Locust Grove, GA 30017
  • Price: $2,149,000
  • Cap Rate: 7.00%
  • Building SF: 13,579 Sq Ft
  • Net Operating Income: $150,453
  • Year Built: 2007
  • Lot Size: +/- 3.25 Acres

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Marketing Package

EXCLUSIVELY LISTED BY:

INVESTMENT HIGHLIGHTS:

  • Corporate Guaranty from Top 5 Operator in the Country (272+ Locations)
    – Child Development Schools, Inc. is one of the Top 5 Corporate childcare companies in the country.
    – Child Development Schools, Inc. currently operates over 272 locations across eleven states.
  • Brand New 10-Year Lease Extension with 2.00% Annual Rental Increases
    – The CDS Inc. corporately guaranteed lease, has over 10 years remaining on the extended lease term with two, five-year options to extend.
    – The lease features 2.00% annual rental increases throughout the extended term and continuing into the option periods, growing NOI and hedging against inflation.
  • Brand New Roof in 2024 with 10-Year Transferable Warranty
    – The subject property has a 12+ year operating history as a Childcare Network and recently extended its lease for an additional 10 years.
    – The tenant pays for CAM, taxes, and insurance and the landlord’s responsibilities are limited to roof & structure. The landlord replaced the roof in March of 2024 and has a 10-year transferable warranty in place.
    – This property is an ideal, low-management investment for a passive investor.
  • Atlanta MSA – Most Populous City in Georgia
    – Atlanta’s economy is highly diversified, with the metro’s top employers representing a wide variety of sectors.
    – With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.0 million people. Over the next five years the region is expected to add approximately 316,000 residents.
    – The urban core has been the epicenter of several major construction projects in recent years, with Centennial Yards headlining urban renewal in downtown Atlanta.