SVN | CREVISTON REALTY, INC. | 10929 CRABAPPLE ROAD, SUITE 201, ROSWELL, GA 30075 OFFERING MEMORANDUM
CUMBERLANDSCHOOL -ABSOLUTE NNN2356 CLAY ROADAUSTELL, GA 30106
Jeff Hammond, MPADirector of Retail [email protected]
1 PROPERTYINFORMATION
2356 Clay RoadAustell, GA 30106
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 2
OFFERING SUMMARY
Sale Price: $945,000
Cap Rate: 8.89%
NOI: $84,000
Lot Size: 1.499 Acres
Building Size: 19,609 SF
Renovated: 2017
Market: Atlanta MSA
Submarket: Austell
Price / SF: $48.19
SVN Creviston Realty, Inc. Cumberland School for sale leaseback. Said property sits on the corner at a signalizedintersection of Clay Road and Flint Hill road in Austell. Cumberland School consist of 3 buildings, +/-50 Parking Spacesand a fenced in Playground. This is a 7 year sales lease back.
Cumberland School Philosophy:Cumberland School is an independent Christian school that exists to challenge young people to know Jesus Christ asSavior and Lord, to adopt a biblical world view, to love others as themselves, and to grow in the knowledge and skillthrough academic excellence, in order that they may serve our Lord and others through their character, spiritual integrity, and leadership.Cumberland School has 4 locations, is one of the top 50 Christian Schools ,accredited with ACSI, The GeorgiaAccreditation Commission Inc. and AdvancED Accredited SACS.https://www.cumberlandchristian.org
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Absolute NNN - Sales Leaseback
• 3 Buildings
• Playground
• Great Visibility
Property Summary
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 3All SVN® offices are independently owned and operated.
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 4All SVN® offices are independently owned and operated.
SVN Creviston Realty, Inc. Cumberland School for sale leaseback. Said property sits on the corner at asignalized intersection of Clay Road and Flint Hill road in Austell. Cumberland School consist of 3 buildings,+/-50 Parking Spaces and a fenced in Playground. This is a 7 year sales lease back.
Cumberland School Philosophy:Cumberland School is an independent Christian school that exists to challenge young people to knowJesus Christ as Savior and Lord, to adopt a biblical world view, to love others as themselves, and to grow inthe knowledge and skill through academic excellence, in order that they may serve our Lord and othersthrough their character, spiritual integrity , and leadership.Cumberland School has 4 locations, is one of the top 50 Christian Schools ,accredited with ACSI, TheGeorgia Accreditation Commission Inc. and AdvancED Accredited SACS.https://www.cumberlandchristian.org
PROPERTY OVERVIEW
Located at the intersection of Clay Rd SW and Flint Hill Road
LOCATION OVERVIEW
Property Description
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 5All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• Absolute NNN - Sales Leaseback
• 3 Buildings
• Playground
• Great Visibility
Complete Highlights
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 6All SVN® offices are independently owned and operated.
Additional Photos
2 LOCATIONINFORMATION
2356 Clay RoadAustell, GA 30106
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 7
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 8All SVN® offices are independently owned and operated.
Cumberland School -Absolute NNN
Regional Map
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 9All SVN® offices are independently owned and operated.
Location Maps
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 10All SVN® offices are independently owned and operated.
Cumberland School -Absolute NNN
Aerial Map
3 FINANCIALANALYSIS
2356 Clay RoadAustell, GA 30106
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 11
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 12All SVN® offices are independently owned and operated.
INVESTMENT OVERVIEW SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA
Price $945,000Price per SF $48.19CAP Rate 8.9%Cash-on-Cash Return (yr 1) 8.89 %Total Return (yr 1) $84,000Debt Coverage Ratio -
OPERATING DATA SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA
Gross Scheduled Income $84,000Other Income -Total Scheduled Income $84,000Vacancy Cost $0Gross Income $84,000Operating Expenses -Net Operating Income $84,000Pre-Tax Cash Flow $84,000
FINANCING DATA SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA
Down Payment $945,000Loan Amount -Debt Service -Debt Service Monthly -Principal Reduction (yr 1) -
Financial Summary
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 13All SVN® offices are independently owned and operated.
INCOME SUMMARY SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA PER SF
Gross Income $84,000 $4.28
EXPENSE SUMMARY SALES LEASEBACK - 7 YEARS AVERAGE PROFORMA PER SF
Gross Expenses - -
Net Operating Income $84,000 $4.28
Income & Expenses
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 14All SVN® offices are independently owned and operated.
TENANTNAME
UNITNUMBER
UNITSIZE(SF)
LEASESTART
LEASEEND
LEASESTART
ANNUALRENT
% OFBUILDING
PRICEPER SF/
YRRECOVERY
TYPE COMMENTS
Cumberland
School
19,609 07/01/18 06/30/26 Current
7/1/2019
6/1/2021
7/1/2022
7/1/2023
7/1/2024
7/1/2025
$84,000
$71,965
$78,043
$83,926
$90,005
$96,084
$101,966
100.0 $4.28
$3.67
$3.98
$4.28
$4.59
$4.90
$5.20
Increases every year -
$500
Totals/Averages 19,609 $84,000 $4.28 $0 $0
Rent Roll
4DEMOGRAPHICS
2356 Clay RoadAustell, GA 30106
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 15
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 16All SVN® offices are independently owned and operated.
1 MILE 3 MILES 5 MILES
Total population 4,745 48,922 131,596
Median age 38.2 35.6 34.9
Median age (male) 36.9 34.1 33.5
Median age (female) 40.7 37.1 36.3
Total households 1,849 18,338 47,712
Total persons per HH 2.6 2.7 2.8
Average HH income $68,085 $59,737 $64,640
Average house value $145,988 $179,716
* Demographic data derived from 2010 US Census
Demographics Report
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 17All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 4,745 48,922 131,596
Median age 38.2 35.6 34.9
Median age (male) 36.9 34.1 33.5
Median age (Female) 40.7 37.1 36.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,849 18,338 47,712
# of persons per HH 2.6 2.7 2.8
Average HH income $68,085 $59,737 $64,640
Average house value $145,988 $179,716
* Demographic data derived from 2010 US Census
Demographics Map
5 ADVISOR BIOS2356 Clay Road
Austell, GA 30106
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 18
10929 Crabapple Road, Suite 201Roswell, GA 30075T 210.889.6819C [email protected]
PROFESSIONAL BACKGROUND
Jeff Hammond has over 20 years’ experience in the sale, investment, development and property management of commercial and residential real estate. He has a strong
entrepreneurial drive and focuses on the bottom-line while being ever mindful of providing stellar service to clients.
Jeff gained his early business experience with UPS, the global leader in logistics, packaging & specialized transportation. Here he made significant contributions as a ‘change agent’
improving efficiencies, reducing costs & driving quality.
Jeff’s commercial real estate sales and marketing expertise lie in his ability to build strong client relationships, ensure quality service and negotiate the best terms possible to close
transactions. Jeff’s colleagues recognize his entrepreneurial spirit and refer to him as ‘The Bulldog’ and ‘Mr. Networker’. These unique skill sets have enabled him to become a top
performer in marketing commercial real estate and a leader in the sale of office, retail and industrial space.
Jeff has represented large national accounts and focused on retail investments. Key accounts comprised of nationally recognized corporations including Dairy Queen, Popeyes, Tilted
Kilt, Dunkin Donuts, Steak 'N Shake, Allstate, American Family Insurance, Tower Loans, 607 Investments and more. He has Increased sales revenue 100% as forecasted
year-over-year (2013 compared to 2012).
Also, Jeff serves as a real estate consultant for 607 Investments. 607 Investments takes retail financing and construction of a QSR's land and building ONE GIANT step beyond the
norm. They provide an ALL N ONE solution that takes the banks, personal monies, and cost over runs, out of a franchisees' vocabulary. Check out www.607investments.com.
Jeff is an active member of numerous real estate associations, is a CCIM Candidate, and was elected as the 2013 President of the St. Charles Real Estate Association in St. Charles,
MO.
EDUCATION
University of North Carolina Charlotte
• Bachelor’s in Political Science • Master of Public Administration
• Mike Lipsey School of Real Estate
• Dale Carnegie School of Excellence
• Andrew Lacey Group Real Estate Coaching
• Over 1,000 hours in real estate classroom training
MEMBERSHIPS & AFFILIATIONS
Licensed Real Estate Broker in Georgia, Florida, Missouri and Illinois Professional with over 20 years helping clients with their Commercial Real Estate needs.
Professional Affiliations
• International Council of Shopping Centers Member
• Certified Commercial Investment Member, Candidate (CCIM)
• Missouri Association of Commercial Realtors
• National Association of Realtors
• St. Charles Association of Realtors - Served as President-Elect - Commercial Board of Directors Member
• Congressional Awareness Committee Member
JEFF HAMMOND, MPA
Director Of Retail Services
CUMBERLAND SCHOOL - ABSOLUTE NNN | 2356 CLAY ROAD AUSTELL, GA 30106 SVN | Creviston Realty, Inc. | Page 19All SVN® offices are independently owned and operated.
10929 Crabapple Road, Suite 201Roswell, GA 30075
210.889.6819www.svn.com
All SVN® Offices Independently Owned & Operated | 2018 All Right Reserved
