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    OFF-MARKET
    Day care centers

    9440 Nesbit Ferry Rd, Alpharetta, GA 30022

    10,144 SF 2.26 ac lot Built 1989
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple ownership of a 10,144 square foot daycare center in Alpharetta, Georgia, leased to Primrose School, a leading early childhood education provider. The property boasts a new 20-year net lease (NNN) commencing February 1, 2023, and expiring January 31, 2043, with three, five-year renewal options. The lease includes a favorable 2.00% annual rent increase, ensuring consistent rental growth and a strong return on investment. The current annual net operating income (NOI) is $352,723, representing a 7.00% cap rate. Built in 1989 and renovated in 2022, the property sits on a 2.26-acre lot at 9440 Nesbit Ferry Rd, Alpharetta, GA 30022. Landlord responsibilities are limited to foundation and structural elements, with the tenant responsible for all other maintenance and repairs. The property enjoys 100% occupancy and benefits from its location in a thriving area, approximately five miles from the Avalon development, a premier shopping and entertainment district. Alpharetta is consistently ranked among the top places to live in Georgia, boasting a highly educated population and strong economic growth. This offering provides a secure, long-term investment with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.

    Property profile
    Verified
    Property type Day care centers
    Year built 1989
    Total area 10,144 SF
    Lot 2.26 ac (98,446 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Primrose School of Roswell East at Nesbit Ferry Daycare Center
    • Andover Country Day School High School
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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