1560 Summit Chase Dr Snellville, GA 30078
- Commercial real estate
- 12,386 SF
- 1.68 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1560 Summit Chase Dr
- Year built
- 2005
- Lot size
- 1.68 lot acres
- Property size
- 12,386 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a newly constructed, 12,386 square foot early childhood education center in Snellville, Georgia. The property, built in 2005 and situated on a 1.68-acre lot, is currently under a newly executed 10-year triple-net (NNN) lease with a reputable franchisee of Legacy Academy. This state-of-the-art facility caters to the increasing demand for high-quality childcare in a thriving community. The lease includes a built-in 10% rent increase in year six and a further 10% increase in each subsequent five-year renewal term, ensuring consistent and growing cash flow for the investor. Snellville, located in Gwinnett County, is experiencing robust economic growth, fueled by its proximity to Atlanta and a strong housing market. The property's strategic location near residential areas, retail centers, and major roadways provides excellent accessibility and visibility. This makes it an attractive option for families seeking convenient childcare services, further solidifying the long-term viability of this investment. The property's strong tenant, long-term lease, and prime location combine to offer a compelling investment opportunity with significant potential for appreciation and stable returns. The asking price is $4,550,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Snellville
- County
- Gwinnett
- State
- Georgia
- Longitude
- -83.97921
- Latitude
- 33.85862
