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OFF-MARKET
Specialty properties

118 Old Evans Rd Martinez, GA 30907

10,490 SF 1.16 ac lot Built 1989
Property ID
Property summary
AI-generated overview

This fee-simple investment opportunity presents a 10,490-square-foot childcare center, Cornerstone Academy, situated on a 1.16-acre lot in Martinez, GA. The property boasts a strong 20-year triple-net (NNN) lease with approximately 16.6 years remaining, commencing June 5, 2021, and expiring June 30, 2041. The current annual net operating income (NOI) is $165,608, representing a 7.00% cap rate on the $2,365,829 asking price. The lease includes a corporate guarantee from LEAP Education Partners, a growing early childhood education provider with multiple locations. Annual rent increases of 2% are scheduled to begin in July 2027. The property is 100% occupied and benefits from a prime location less than five miles from the Augusta National Golf Club, within a high-demand area with a strong local economy and favorable demographics. The surrounding area has over 132,000 residents within a five-mile radius, and average household incomes within three miles exceed $100,000. The property's proximity to Doctors Hospital of Augusta, a major healthcare facility, further enhances its appeal. Built in 1989, this investment offers long-term stability, growth potential tied to the tenant's expansion plans, and an attractive market position. The median age within five miles is 38.9 years, ideal for early childhood education services.

Property profile
Verified
Property type Specialty properties
Year built 1989
Total area 10,490 SF
Lot 1.16 ac (50,530 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
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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