MorrowGA - Clayton Center Community Service Board-Investment Offering

CLAYTON CENTER
COMMUNITY SERVICE
5755 North Point Parkway, Suite 262
1792 Mt. Zion Road, Morrow, GA
Alpharetta, GA 30022
770.481.1960
www.shanegroup.net
CLAYTON CENTER COMMUNITY SERVICE BOARD
770.481.1960 | www.shanegroup.net 1792 Mt. Zion Road, Morrow, GA
The Shane Investment Property Group, LLC has been engaged as the exclusive agent and representative of the Owner. No
contacts shall be made by any prospective purchaser or agents to the Owner, its executives, personnel or related entities.
This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly
reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves
the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no
legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the
Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner, at
Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and
agrees to release the Owner from any liability with respect hereto.
The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due diligence for which the
purchaser shall be fully and solely responsible.
Neither the Shane Investment Property Group, LLC nor the Owner make any representation or warranty, express or implied, as to
the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise
or representation as to the future performance of the Property. This Investment Offering Brochure may include certain
statements and estimates by the Shane Investment Property Group, LLC with respect to the projected future performance of the
Property. These assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be
achieved. Further, the Shane Investment Property Group, LLC and the Owner disclaim any and all liability for representations or
warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral
communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those
representations and warranties that may be made to it in any final, fully executed and delivered Purchase Agreement between it
and the Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to the
Owner or the Shane Investment Property Group, LLC, nor any of their officers, employees, representatives, independent
contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised
and encouraged to conduct their own comprehensive review and analysis of the Property.
This offering is a 27,940-square-foot freestanding building located in the main retail corridor of Morrow, GA. The building is
currently occupied by the Clayton Center Community Service Board, a public agency funded by, and in association with, the State of
Georgia. For the past 8 years, the tenant has been at this location and under its current lease structure, year-to-year terms to
INVESTMENT SUMMARY
coincide with the state government's fiscal year, with a mutual 90-day cancellation provision. The building sits on 3.29 acres, and its
AERIAL MAPS original use was as a community center. The large open-space configuration makes this center ideal for retail repositioning in a
submarket with a low 7.5% retail vacancy rate. This investment provides an investor with a steady income stream and the
AERIAL PHOTOGRAPH
flexibility to upgrade the use at any time. As an added plus, the seller will guarantee the lease for one fiscal year.
PHOTOGRAPHS
NET OPERATING INCOME
TENANT INFORMATION  Priced at $35 PSF—WELL BELOW Replacement Cost

LEASE ABSTRACT
 Land Value—$296,000 per Acre
 Rent at only $4.60 Modified Net, Low in Market
SITE SUMMARY  Tenant—8 Years at this Site
LOCATION MAPS
 Strategic Central Location, Access to Interstate, Bus
Line, Generous Parking
DEMOGRAPHICS  Easily Reconfigured Building and Property
 Ability to Add to Parking for Other High-Intensity Uses
 General Business Zoning—Allows Multiple Uses
BUILDING: 27,940 SF | LAND: 3.29 ACRES | $296K per acre YEAR BUILT: 1980
The property occupies an excellent location in the midst of over 3 million square feet of retail among such well known retailers as
Costco, Publix, Home Depot, Burlington, PetSmart, Best Buy, and many others. The building directly fronts Mt. Zion Road, with
roughly 26,000 cars per day and is conveniently located less than one mile from Interstate 75, which boasts a traffic count of over
128,000 cars per day. Hartsfield-Jackson Atlanta International Airport, the world’s busiest passenger airport, is also located within
a ten-minute drive. The surrounding area is densely populated, with over 72,000 residents within three miles of the property, and
has a healthy daytime population of over 24,000.
See accompanying Confidentiality Statement.

INVESTMENT SUMMARY
3.1MM SF of Retail
AERIAL MAPS Within 1 Mile
AERIAL PHOTOGRAPH
PHOTOGRAPHS 1MM SF Regional

Mall
TENANT INFORMATION
SUBJECT
LEASE ABSTRACT
SITE SUMMARY
LOCATION MAPS
DEMOGRAPHICS

INVESTMENT SUMMARY
AERIAL MAPS
AERIAL PHOTOGRAPH
PHOTOGRAPHS
TENANT INFORMATION
LEASE ABSTRACT
SITE SUMMARY
SUBJECT
LOCATION MAPS
Interstate 75: 128,000
DEMOGRAPHICS Cars Per Day
Mt Zion Road: 26,000

Cars Per Day
Multi-Tenant
Warehouse

INVESTMENT SUMMARY
AERIAL MAPS
AERIAL PHOTOGRAPH
PHOTOGRAPHS
TENANT INFORMATION
LEASE ABSTRACT
SITE SUMMARY
LOCATION MAPS
DEMOGRAPHICS 3.29 Acres
Mt Zion Road: 26,000

Cars Per Day
Please note: Lot lines are approximated.

INVESTMENT SUMMARY
AERIAL MAPS
AERIAL PHOTOGRAPH
PHOTOGRAPHS
TENANT INFORMATION
LEASE ABSTRACT
SITE SUMMARY
LOCATION MAPS
DEMOGRAPHICS

INVESTMENT SUMMARY
AERIAL MAPS
AERIAL PHOTOGRAPH
PHOTOGRAPHS
TENANT INFORMATION
LEASE ABSTRACT
SITE SUMMARY
LOCATION MAPS
DEMOGRAPHICS

Current Income
INVESTMENT SUMMARY PRICE
SCHEDULED LEASED INCOME $ 128,400
AERIAL MAPS $975,000
Add Scheduled Tenant Reimbursements:
AERIAL PHOTOGRAPH Recapture -
-
PHOTOGRAPHS

CAP RATE
TOTAL SCHEDULED INCOME $ 128,400 9.92%
TENANT INFORMATION
VACANCY RESERVE -
LEASE ABSTRACT
GROSS OPERATING INCOME $ 128,400
SITE SUMMARY
PRICE/SF
LOCATION MAPS
EXPENSES
$34.90
DEMOGRAPHICS Taxes $ 12,144
Insurance 8,703
Management (3.0%) 3,852
Capital Reserves ($0.25 PSF) 6,985-
RENT/SF
$ 31,684
$4.60
NET OPERATING INCOME $ 96,716
BUILDING / GLA
27,940 SF
Tenant is responsible for all repairs required to the premises except for repairs
to HVAC system in excess of $2,000 and except for repairs to structure and
roof. Landlord is responsible for repairs to HVAC system in excess of $2,000
and repairs to roof and structure.
LAND
3.29 ACRES

Clayton Center was established in 1971 as one of the first three community programs in Georgia. Since July 1994, the Center has
operated under the auspices of, and funded by, the Georgia Department of Behavioral Health and Development Disabilities (DBHDD).
INVESTMENT SUMMARY Consumer-driven services are provided for people with issues stemming from mental illness, addictive diseases, developmental
disabilities, and for children with emotional or developmental delays.
AERIAL MAPS
AERIAL PHOTOGRAPH Services, which are tailored to meet the needs of individuals and their families, are provided at five primary locations, one of which is the
subject location in Morrow, the Paula Crane Life Enrichment Center. This facility houses staff for vocational, educational, and social
PHOTOGRAPHS support services for adults in recovery from addiction, specifically educational classes including GED, job readiness skills, money
management classes, and other services.
Clayton Center Community Service Board is certified by the Commission on Accreditation of Rehabilitation Facilities (CARF), an
TENANT INFORMATION
independent, nonprofit, accreditation agency of Health and Human Services providers. Achieving CARF accreditation is a sign of quality
services, and indicates Clayton Center’s commitment to quality improvement and the unique needs and results of services for each of our
LEASE ABSTRACT
clients.
SITE SUMMARY
LOCATION MAPS
DEMOGRAPHICS
Click to visit Clayton Center website

Tenant Clayton Center Community Service Board, a public agency and instrumentality of the
State of Georgia
INVESTMENT SUMMARY
Building / Lot Size 27,940 SF / 3.29 Acres
AERIAL MAPS
Commencement Date August 1, 2018
AERIAL PHOTOGRAPH
Termination Date July 31, 2019
PHOTOGRAPHS
Term 1 Year
Increases None
TENANT INFORMATION
Security Deposit $10,700 (applied as last month's rent)
LEASE ABSTRACT
Rent Schedule Year Annual Base Rent Monthly Base Rent
SITE SUMMARY
8/1/18 - 7/31/19 $128,400 $10,700.00
LOCATION MAPS
Options None
DEMOGRAPHICS
Taxes Paid directly by Landlord
Insurance Tenant is required to maintain its own separate policies of commercial general liability
insurance.
Repairs & Maintenance Tenant, at its expense, is responsible for keeping and maintaining the premises in good
Tenant order and repair. Tenant is also responsible for keeping all fixtures pertaining to the
water, sewer and electrical systems in good order and repair. In addition, window glass,
plate glass and door glass are all the responsibility of the Tenant.
Landlord Expenses Landlord is responsible for repairs to roof and structure as well as repairs to the heating
and air conditioning system in excess of two thousand dollars ($2,000.00).
Utilities Tenant pays water, gas and power bills directly to provider.
Janitorial & Maintenance Tenant is responsible for all janitorial and maintenance requirements of the premises.
Early Termination Landlord or Tenant may terminate the lease with 90 days' notice from one to the other.
Estoppel Certificate Tenant must execute an estoppel certificate within 10 days of Landlord's request.

Building Type Retail
INVESTMENT SUMMARY
Year Built 1980
AERIAL MAPS
Construction Concrete with metal siding
AERIAL PHOTOGRAPH
Building Size 27,940
PHOTOGRAPHS
Land 3.29 Acres / 143,312 SF
Utilities
TENANT INFORMATION
LEASE ABSTRACT Water/Sewer City of Morrow
Electric Georgia Power

SITE SUMMARY
Natural Gas Provider of choice
LOCATION MAPS
Zoning BG - General Business (code cited below)

DEMOGRAPHICS
"The general business district is established in order to provide suitable areas for various types and
levels of community and regionally oriented commercial activities, including retail, office uses,
wholesale uses, and service activities to serve the community and travelling public."
Mass Transit MARTA (Metro Atlanta Rapid Transit Authority)

INVESTMENT SUMMARY
AERIAL MAPS
Approximately 1 mile from Interstate 75; 9 miles from Atlanta
AERIAL PHOTOGRAPH Hartsfield-Jackson International Airport
PHOTOGRAPHS
TENANT INFORMATION
LEASE ABSTRACT
SITE SUMMARY
LOCATION MAPS
DEMOGRAPHICS
SUBJECT

One Mile Three Miles Five Miles Notes

INVESTMENT SUMMARY Population
2018 Population 5,212 72,195 179,120
AERIAL MAPS 2010 Population 4,830 67,156 167,754
5 Year Projected 5,543 76,319 188,771
AERIAL PHOTOGRAPH Growth Since 2010 7.91% 7.50% 6.78%
Projected Growth Over the Next 5 Years 6.35% 5.71% 5.39%
PHOTOGRAPHS
Households
NET OPERATING INCOME 2018 Households 2,202 25,308 62,624
% Owner Occupied 37.40% 42.50% 44.40%
TENANT INFORMATION % Renter Occupied 53.30% 45.30% 44.30%
2010 Households 2,039 23,595 58,867
LEASE ABSTRACT
5 Year Projected 2,339 26,741 65,967
Growth Since 2010 7.99% 7.26% 6.38%
SITE SUMMARY
LOCATION MAPS Income
DEMOGRAPHICS
2018 Average Household Income $52,750 $55,681 $57,047
5 Year Projected $60,161 $61,823 $63,545
Employment & Establishments

2018 Employees/Daytime Population 5,044 24,222 84,167
2018 Total Establishments 420 2,351 5,917
Race
White 11.50% 17.40% 17.20%
African American 63.90% 61.00% 64.10%
Hispanic Origin (Any Race) 9.00% 14.80% 15.10%
Native American / Alaskan Native 0.10% 0.30% 0.30%
Asian/Pacific Islander 16.80% 10.20% 7.50%
Two or More Races 3.00% 3.40% 3.10%
Other Race 4.70% 7.70% 7.80%

MorrowGA - Clayton Center Community Service Board-Investment Offering

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CLAYTON CENTER

NET OPERATING INCOME

TENANT INFORMATION  Priced at $35 PSF—WELL BELOW Replacement Cost

See accompanying Confidentiality Statement.

PHOTOGRAPHS 1MM SF Regional

See accompanying Confidentiality Statement.

NET OPERATING INCOME

Mt Zion Road: 26,000

See accompanying Confidentiality Statement.

NET OPERATING INCOME

DEMOGRAPHICS 3.29 Acres

Mt Zion Road: 26,000

Please note: Lot lines are approximated.

See accompanying Confidentiality Statement.

NET OPERATING INCOME

See accompanying Confidentiality Statement.

NET OPERATING INCOME

See accompanying Confidentiality Statement.

NET OPERATING INCOME

See accompanying Confidentiality Statement.

Click to visit Clayton Center website

See accompanying Confidentiality Statement.

See accompanying Confidentiality Statement.

Building Type Retail

LEASE ABSTRACT Water/Sewer City of Morrow

Electric Georgia Power

Zoning BG - General Business (code cited below)

Mass Transit MARTA (Metro Atlanta Rapid Transit Authority)

See accompanying Confidentiality Statement.

NET OPERATING INCOME

See accompanying Confidentiality Statement.

One Mile Three Miles Five Miles Notes

Employment & Establishments

See accompanying Confidentiality Statement.

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