The subject property is a 8,106-square foot daycare facility on approximately 2.51 acre currently leased to Childtime Childcare, Inc. and has a lease corporately guaranteed. The tenant is signed to an absolute, triple-net (NNN) lease that expires in June 2017. There are rental increases, based on Consumer Price Index of approximately 7.5 percent every three years throughout the lease term with the next increase scheduled for February 2015. Headquartered in Novi, Michigan, Learning Care Group, Inc. is the second largest for-profit child care provider in North America. In total, Learning Care Group operates more than 900 corporate and and franchise schools across the country and around the world, each devoted to providing a safe and stimulating environment that will inspire a lifelong love of learning. The property sits adjacent to the Shops at Butler Crossing, a 54,000 square foot shopping center located on Cobb Parkway North in Kennesaw, GA. Cobb Parkway is a major thoroughfare in the area boasting an average daily traffic count of over 34,000 in 2007. National retailers in the area include Lowe's, Kohl's, Best Buy, Home Depot, Target, Kroger, and Ross. Kennesaw is a growing suburb of Atlanta; the area within a five-mile radius of the property has experienced a 39 percent population growth since 2000 and is now home to over 126,000 residents. Located 20 miles north of Atlanta.
This Dollar General anchored, neighborhood retail center, Sir Charles Manor Shopping Center, has 91% occupancy and a large +/- 2.53 acre site. The large site creates an opportunity for expansion of the Dollar General or additional retail development. In addition to Dollar General, the center has two long term tenants and one new tenant. This +/- 13,500 sq ft center was built in late 1995 and is strategically located on the main east-west highway through town. The Dollar General NN lease runs through January 2017. Current net income is $44,710 or a 9% cap rate. The opportunistic investor has further upside by leasing the remaining suite. This area has an unusually large population of 19,551 within a five mile radius with an average household income of $54,940.
Property Highlights: • +/- 73 acres of high visibility land • Located less than a mile from I-85 • Close to Hartsfield-Jackson Atlanta International Airport • Offered for less than 33% of 2007 sales price • R-6 zoning allows for a religious building usage • All utilities including sewer are available
This is a unique opportunity to acquire a large tract of land in beautiful Pickens County, Georgia. Nestled in the foothills of the Appalachian Mountains, this property lies along Highway 136 in the upper Northwest corner of Pickens County. The surrounding terrain is slightly mountainous with varying degrees of topography from gently sloping to steep, though the majority of this property is relatively moderately sloped, with several picturesque creeks flowing through the property. Most of the land is usable with very little if any of the property being too steep or rugged, and there are no wetlands or overhead power line easements to deal with. Even though a small portion of the property in and around the immediate vicinity of the creeks may be unsuitable for future development it is still highly useful for keeping livestock and for recreation. Highway 136 bisects the property, and a ridge runs through the Western parcel, offering good views of the surrounding mountains. There is also excellent access along Highway 136 for both parcels, and several dirt roads also run through both tracts.
In metro Atlanta, a high-visibility corner lot, currently home to a self-serve car wash, is available for $575,000. Exposure to a daily traffic count of approximately 30,000 cars and connected to the city water/sewer system, the +/- 0.96-acre property would be ideal for redevelopment into neighborhood retail or office space. The car-wash facility was built in 2005 at a cost of approximately $1.5 million
Bull Realty is pleased to offer FOR SALE this Dollar General in Louisville, Georgia, located southwest of Augusta. This successful “entry level” Dollar General is a +/- 7,500 sq ft NN leased single tenant property located in the heart of Louisville on the main north-south road. It has great visibility, parking and street presence. Other nearby national credit tenants including Subway, Ingles, Fred’s, McDonalds and Popeye's. Within a 5-mile radius, the population is 5,073 and has an average household income of $36,721. The current lease expires in May of 2015 and has two 3 year renewal options. This established location is priced at a 9.1% cap rate with annual net income of $27,317. If Dollar General elects to relocate for a larger store at lease renewal, this location has a high likelihood of re-purposing and improving the current rents of $4/sq ft.
Bull Realty is pleased to offer a unique investment opportunity to purchase property next to the Tanger Outlet northeast of Atlanta! The Commerce, Georgia, property consists of three contiguous tracts in close proximity to the very popular retail outlet bordering Interstate 85. The parcels are zoned C-2 with Tract 1 boasting 2,100 feet of frontage on the interstate and Tract 3 accessible from both Ridgeway Church and Tanger Boulevard. All utilities are available for potential multi-use development; water, sewer and natural gas lines serve the property. Alltel provides telephone/fiber optic service, and Jackson EMC provides 3-phase power. Alcohol licenses are also allowed. The Tanger Outlet has more than 120 stores, including Abercrombie & Fitch, American Eagle Outfitters, Banana Republic, Calvin Klein, Coach, GUESS and Polo Ralph Lauren, to name just a few of the famous shops.
This tract is located in a vibrant retail corridor of Cobb County just south of the Interstate 75 & Highway 92 interchange. The site boasts exceptional visibility from Interstate 75 with access from Baker Road via Regions Drive. The current City of Acworth zoning of C2 Commercial District allows for a multitude of uses including retail, automotive, restaurants, hotels and more. Neighbors include Walgreens, McDonalds, Wendy’s, Best Western and directly across the street is a Publix anchored shopping center. Additionally, the new Cabela’s superstore is right around the corner. Please contact Rob Whitmire or John DeYonker for more information.
Bull Realty is pleased to offer a unique retail investment opportunity in the high-growth area between Mall of Georgia and Coolray Field in Atlanta’s north metro. Located at 2815 Buford Drive, 2 blocks from I-85, The Shoppes at Mall of Georgia offer approximately 18,500 sq ft of dynamic retail and restaurant space in Georgia’s third fastest-growing county, Gwinnett.