3366 Centerville Hwy Snellville, GA 30039
- Retail space
- 5,399 SF
- 2.57 lot acres
Current Use by Public Records
- Retail space
Property Details for 3366 Centerville Hwy
- Year built
- 2024
- Lot size
- 2.57 lot acres
- Property size
- 5,399 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a ground lease for a newly constructed (2024) Chick-fil-A restaurant in Snellville, Georgia. The 5,399 square foot building sits on a 2.567-acre lot at 3366 Centerville Hwy, 30039, within the thriving Gwinnett County market. The property benefits from a 20.1-year absolute NNN lease (commencing January 15, 2025, and expiring January 31, 2045), providing significant long-term income stability. The lease includes rent bumps, ensuring consistent growth. The tenant, Chick-fil-A, Inc., provides a corporate guarantee, mitigating risk. The property boasts a strong 4.00% cap rate and a current NOI of $159,500. This prime location along Centerville Highway (32,900 AADT) offers excellent visibility and accessibility, surrounded by major retailers like Walmart, Lowe's, Target, and more, ensuring high traffic volume. The site is strategically positioned within a densely populated area (138,783 residents within a five-mile radius) with a high average household income ($113,161 within five miles), promising continued growth. The property's proximity to Centerville Rosebud Shopping Center further enhances its appeal and accessibility. This offering is ideal for a 1031 exchange. The asking price is $3,988,000.
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
- -84.0425429
- Latitude
- 33.8097367
