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Views: 110 DOM: 181 Updated: 11.11.24 Posted: 06.24.24 Status: Active 07.31.24

Summary

Price $2,900,000
Built/Renov 1997
Tenant C. Alexander Learning Academy
Cap Rate 9.11%
Lease Type NN+
Guarantor Corporate
Size/SF 14,367
Lease Start 01-23-2019
#Units 1
Price/SF $201.85
Expiration 01-22-2029
Tenant Type Daycare/Education
NOI $264,314
R. Term 4.1
Ownership Fee Simple
Rent/SF $18.40
Increases 3.0%/1/yrs
Pop 5Mi 162,889
Lot/AC 2.30
Options 0/0yrs
AHHI 5Mi $72,256

Lease Highlights

  • C. Alexander Learning Academy has 4+ years remaining on the current lease term
  • The lease features 3% annual rental increases throughout the initial term
  • New roof installed in 2023 | Property renovated 5 years ago
  • Corporate guaranteed lease

Location Description

C. Alexander Learning Academy is strategically located on Attucks Boulevard, with access to 10,931 vehicles passing by daily. The property is within minutes of Hartsfield-Jackson ATL International Airport, the busiest airport in the world. Additionally, there are 10+ feeder elementary schools within a 5-mile radius, including Morrow, McGarrah, Roberta T. Smith, B.C. Haynie, Thurgood Marshall,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

C. Alexander Learning Academy is a premier educational institution that focuses on providing top-tier learning experiences for students of various age groups. With a commitment to excellence and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 10,118 63,212 164,161
2024 Total Population : 10,041 63,192 162,861
2024 Employed Civilian Pop : 4,417 29,962 78,077
2024 Total Businesses : 160 1,825 4,936
2024 Average Household Income : $ 70,115 $ 79,171 $ 77,252
2024 Total Consumer Spending : $ 203 M $ 1519 M $ 4012 M
2024 Median Age : 33 35 35
2024 Total Households : 3,259 21,511 58,105
2024 Pop Age 25+: Bachelor's Degree : 830 5,936 14,943
2024 Average Home Value : $ 253,252 $ 232,280 $ 250,563
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Rex Rd Old Rex Morrow Rd 2013 10,820 0.25 mi
Old Rex Morrow Rd Maddox Rd 2003 2,941 0.30 mi
Rex Road 2019 10,300 0.36 mi
Rex Road Old Rex Morrow Rd 2018 10,100 0.36 mi
Harper Dr Lee St 2005 7,560 0.37 mi
Harper Drive N Pkwy 2019 7,480 0.59 mi
Booker T Drive Washington Way 2019 10 0.73 mi
Maddox Road 2019 8,400 0.78 mi
Maddox Road The by Way 2018 8,230 0.78 mi
Rex Rd Nell Ln 2010 8,110 0.80 mi

Listing Broker

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