Child Care

Carrington Academy | High-Growth Market

6670 Shiloh Rd, Alpharetta, GA 30005

Listing Price: $4,415,000

Cap Rate
7.00%
Tenant Name
Carrington Academy
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
11,130
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.78

Investment Overview

Marcus & Millichap are pleased to announce Carrington Academy located in Alpharetta, Georgia. The triple-net, corporately guaranteed lease has 10 years remaining on lease term and three, five-year options remaining. Corporately guaranteed by SEG, Incorporated. The build-to-suit prototype building was constructed in 2015 and has strong enrollment at this facility. The property is in a high growth submarket with a 50 percent increase in job growth over the next 10 years. Located at the entrance to Windward Business Center including Home to UPS Data Center, Mckesson, ADP, Equifax and many more. Excellent demographics with 172,023 people living within five miles of subject Property with an average household income of $156,585

Investment Highlights

  • Triple-Net Lease with Corporate Guarantee | 10 Years Remaining on Lease Term Three, Five-Year Option Periods
  • Build to Suit | Prototype Building Constructed in 2015 | Large 11,130 Square Foot Facility | Very Strong Enrollment at this Facility
  • High-Growth Submarket | Alpharetta is Georgia's Fastest Growing Large City | Future Job Growth Predicted to be 50.1 Percent Over Next 10 Years
  • Located at Entrance to Windward Business Center | Home to UPS Data Center, McKesson, ADP, Equifax and Many More
  • 175,267 People Live Within Five Miles of Subject Property With an Average Household Income of $194,130 Within One Mile
  • Adjacent to Several New Luxury Multi-Family Developments

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Child Care

Carrington Academy | High-Growth Market

Listing Price: $4,415,000

Cap Rate
7.00%
Tenant Name
Carrington Academy
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
11,130
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.78

Investment Highlights

  • Triple-Net Lease with Corporate Guarantee | 10 Years Remaining on Lease Term Three, Five-Year Option Periods
  • Build to Suit | Prototype Building Constructed in 2015 | Large 11,130 Square Foot Facility | Very Strong Enrollment at this Facility
  • High-Growth Submarket | Alpharetta is Georgia's Fastest Growing Large City | Future Job Growth Predicted to be 50.1 Percent Over Next 10 Years
  • Located at Entrance to Windward Business Center | Home to UPS Data Center, McKesson, ADP, Equifax and Many More
  • 175,267 People Live Within Five Miles of Subject Property With an Average Household Income of $194,130 Within One Mile
  • Adjacent to Several New Luxury Multi-Family Developments

Investment Overview

Marcus & Millichap are pleased to announce Carrington Academy located in Alpharetta, Georgia. The triple-net, corporately guaranteed lease has 10 years remaining on lease term and three, five-year options remaining. Corporately guaranteed by SEG, Incorporated. The build-to-suit prototype building was constructed in 2015 and has strong enrollment at this facility. The property is in a high growth submarket with a 50 percent increase in job growth over the next 10 years. Located at the entrance to Windward Business Center including Home to UPS Data Center, Mckesson, ADP, Equifax and many more. Excellent demographics with 172,023 people living within five miles of subject Property with an average household income of $156,585

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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