3375 Florence Rd, Powder Springs, GA 30127
10,851 SF | Retail Building | Powder Springs, GA 30127 | $3,840,000 ($354/SF) | 6.25% Cap Rate
Asking Price $3,840,000
- Property Type
-
Retail
- Square Feet
- 10,851 SF
- Price / Square Foot
- $354
Listing Contacts
- Property Info
Property Overview
Northmarq is pleased to exclusively offer for sale a single-tenant early education property operating as "Big Blue Marble Academy." The Property is in Powder Springs, GA which is located in southwest Cobb County and is the fastest growing city in Cobb County. There are just under 15 years remaining on a corporate, absolute NNN lease with 2% annual increases during the lease term. Big Blue Marble Academy Corporately Operates 75 Schools Nationally & Was Recently Acquired by Leeds Equity Partners who are Committed to Supporting Big Blue Marble Academy's Continued Growth. The Property is located just off Highway 278 (38,085+ VPD) and Florence Road. The Property is just east of the town’s main retail area that has well known tenants that include Walmart Supercenter, Sam's Club, Target, Best Buy, Texas Roadhouse, Chick-fil-A and numerous others. The area boasts an excellent average household income of $119k+ within a 1-mile radius of the Property.
Property Details
- Class
- C
- Year Built
- 2013
- Stories
- 2
- Property Subtype
- Day Care Facility/Nursery
- Lot Size (sq. ft)
- 118,919 SF
Highlights
- Big Blue Marble Academy Corporately Operates 75 Schools Nationally & Was Recently Acquired by Leeds Equity Partners
- Brand New 15-Year Absolute NNN Lease with No Landlord Responsibilities & 2% Annual Increases
- Corporate Lease with a Corporate Guaranty for the Full Duration of the Lease
- Profitable & Established Centers (Contact Broker)
- Nearby National Brands Include Walmart, Sam's Club, Target, Best Buy, The Home Depot, Publix, Kroger, and More
- Population Counts Exceed 103k in a 5-Mile Radius and Are Projected to Grow 3.42% by '28
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