5754 Attucks Blvd Morrow, GA 30260-3902

Property Details for 5754 Attucks Blvd

Year built

1997

Lot size

2.30 lot acres

Property size

9,650 SF

Zone code

GB

Property type

Day care centers

APN

12-148A- I-009

APU

12148AI009

Description

This exceptional investment opportunity presents a 14,367-square-foot daycare center in Morrow, Georgia, currently operating under a net lease with C. Alexander Learning Academy. The property boasts a 9.11% cap rate and a substantial net operating income (NOI) of $264,314. Situated on a 2.3-acre corner lot at 5754 Attucks Boulevard, the center benefits from high visibility and convenient access. The lease, initiated January 23, 2019, and expiring January 22, 2029, includes annual rent increases of 3%, providing consistent income growth. The tenant is responsible for all operating expenses, except for roof and structure maintenance, minimizing landlord responsibilities. The property's strategic location within the Atlanta MSA, near major transportation arteries and numerous retail establishments including Kroger, Walgreens, and Walmart, ensures strong tenant demand and high visibility. A new roof was installed last year, and a renovation was completed five years prior. This investment offers a secure, high-return opportunity in a thriving market with a remaining lease term of approximately 4.2 years. The property's strong location within a densely populated area with high consumer spending on education and daycare further enhances its investment appeal. The surrounding area includes numerous elementary schools, supporting the daycare's consistent enrollment.

Location Insight

City

Morrow

County

Clayton

State

Georgia

Longitude

-84.3183

Latitude

33.5974

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments