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1529 Mundys Mill Rd, Jonesboro, GA, 30238

La Petite Academy
$2,000,000

Key Information

Cap Rate
6.25%
$ per SF
$338
Tot. SF
5,905
Lot Size
0.68 Acres
Year Built
1990
Term Remaining
± 9.5 Years
Type
Retail
NOI
$125,000

Highlights

  • Second-Largest Childcare Provider: La Petite Academy is a well-established brand under the Learning Care Group (LCG) umbrella, which is the second-largest childcare provider in the United States with 1,100+ locations.
  • New 10-Year Lease: The tenant just executed a new long-term lease with annual increases throughout the base term and options, continuing a 35+ year operating history at this location.
  • Significant Capital Improvements: The tenant is deploying $500,000 into the property, indicating long-term commitment to the location.
  • Attractive Basis: The average daycare on the market with 10+ years on the lease is priced above $4M, and this opportunity is available at less than half that. Some daycare assets are priced well into the $7M range, more than 3X the price of this asset.
  • Atlanta Submarket – Top 10 MSA: Atlanta, GA is a top 10 MSA with sustained population growth, strong job formation, and continue in-migration from families.
  • Early Education Industry Growth: The U.S. childcare market reached $58.97B in 2023 and is projected to grow to $73B by 2030 (source: Towards Healthcare), reinforcing the long-term viability of the tenant’s business model.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 80041, 451849 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305