1162 Auburn Rd, Dacula, GA 30019-1206
- Day care centers
- 9,966 SF
- 1.45 lot acres
Current Use by Public Records
- Kiddie Academy of Dacula / Daycare Center
Property Details for 1162 Auburn Rd
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 1.45 lot acres
- Zone code
- C1-NBHD BUSINESS
- Property type
- Day care centers
- APN
- 2-001 -425
- APU
- 2001425
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 15, 2021 | $2,520,000 | Cedar Springs Dacula LLC | Turabdin Realty LLC | Grant Deed | $1.8M · Miscellaneous Ins Co |
| Nov 1, 2019 | $1,750,000 | Acts Cmnty Dev Corp | Education Village INC | Grant Deed | — |
| Nov 1, 2019 | $2,000,000 | Realty Turabdin | Acts Cmnty Dev Corp | Grant Deed | — |
| Jan 23, 2017 | $925,000 | Education Village INC | Cook J B & R G | Grant Deed | — |
| Jan 23, 2017 | — | Education Village INC | Cook,jay B & Regina G | Quit Claim Deed · related | — |
| Jun 27, 2006 | — | Aubun Road LLC | Clark,clifford M & Diane A | Quit Claim Deed · related | — |
| Jun 23, 2006 | $40,000 | Auburn Rd LLC | Clark,clifford M | Grant Deed | — |
Description
This exceptional investment opportunity presents a 9,966 square foot, Class B, single-tenant, net-leased daycare center in Dacula, Georgia. The property, built in 1999 and renovated in 2017, sits on a 1.45-acre lot and is 100% occupied by a Kiddie Academy franchise. A 15-year lease, commencing December 1, 2019, and expiring November 30, 2034, includes three 5-year renewal options and features 2% annual rent increases. The current lease has 10 years remaining. The property boasts a strong financial performance, with a current NOI of $275,082 and a cap rate of 7.35%, projecting a pro-forma cap rate of 7.90%. Strategically located within a 5-minute drive of Hebron Christian Academy and Mulberry Elementary School, this daycare benefits from a robust local market with high demand for childcare services. The affluent surrounding area, with an average household income of $145,200 within a 5-mile radius, further supports the property's strong performance. The lease is personally guaranteed by a multi-unit operator, mitigating risk and ensuring long-term stability. The oversized lot offers potential for future expansion. This investment offers a compelling combination of strong tenant, long-term lease, and significant growth potential within a thriving childcare market. The asking price is $3,743,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,170,000
- ML approach
- $2,350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,780,000
Market price range: $1.46M - $3.49M -
Alternative Use
- Use
- Estimation
- COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
- $2,350,000 Current use
- MEDICAL BUILDING
- $3,195,000 Change: +36% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,730,000 Change: +16% Conversion: Difficult
- RETAIL STORES
- $2,690,000 Change: +15% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,625,000 Change: +12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Dacula
- County
- Gwinnett
- State
- Georgia
- Longitude
- -83.9074
- Latitude
- 34.0325
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
