3375 Florence Rd Powder Springs, GA 30127-3830
- Day care centers
- 10,851 SF
- 2.73 lot acres
Current Use by Public Records
- Big Blue Marble Academy Powder Spings / Child Care Agency / Preschool
- BRIDGESTONE ACADEMY / Day Care Center
Property Details for 3375 Florence Rd
- Year built
- 2000
- Lot size
- 2.73 lot acres
- Property size
- 10,851 SF
- Zone code
- CRC
- Property type
- Day care centers
- APN
- 19073100860
- APU
- 19073100860
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,851-square-foot daycare center in Powder Springs, Georgia, operating as a Big Blue Marble Academy. The property, built in 1970 and situated on a 2.73-acre lot, boasts a 14.3-year remaining lease term (commencing February 15, 2024, and expiring February 27, 2039) with a corporate guarantee from Big Blue Marble Academy, a nationally recognized brand with over 75 locations. The absolute NNN lease structure ensures minimal landlord responsibilities, featuring a 6.25% cap rate and a Net Operating Income (NOI) of $240,000. Rent increases are built-in at 2% annually. The property is strategically located near major retailers including Walmart, Sam's Club, Target, and Best Buy, benefiting from a high average household income exceeding $119,000 within a one-mile radius and a population exceeding 103,000 within a five-mile radius, projected to grow by 3.42% by 2028. The asking price is $3,840,000 ($353.88 per square foot). Lease options include 3 and 5-year extensions. This is a single-tenant, 100% occupied property offering a secure and profitable investment in a rapidly growing area. The property is located at 3375 Florence Rd, Powder Springs, GA 30127.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,215,000
- 6.5%
- $3,125,000
- 7%
- $2,910,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,150,000
- Geo Method
- $3,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,710,000
- Retail
- $2,525,000
- Mixed-Use
- $3,040,000
- Hospitality
- $3,085,000
- Educational
- $3,290,000
- Residential Income
- $2,835,000
- Energy
- $2,595,000
- Income-Based Land
- $2,540,000
- Food Service
- $2,755,000
Location Insight
- Map
- Local Demand
- City
- Powder Springs
- County
- Cobb
- State
- Georgia
- Longitude
- -84.7019
- Latitude
- 33.8739
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
