Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3366 Centerville Hwy Snellville, GA 30039
    Back to Search
    Property profile & analytics

    3366 Centerville Hwy, Snellville, GA 30039

    View on Map
    • Retail space
    • 5,399 SF
    • 2.57 lot acres
    Off-Market
    Property ID
    US22-4348990
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3366 Centerville Hwy

    Year built
    2024
    Lot size
    2.57 lot acres
    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Snellville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0425429
    Latitude
    33.8097367

    Comparable in this City

    • $699,000
      6.01 Acres

      Prime Commercial Land in Snellville

      6-acre commercial development opportunity on Hwy 124 in Snellville.
      3900 Centerville Hwy, Snellville, GA 30039
      View Details
    • $799,900

      Snellville Retail/Office Building on Acreage

      Freestanding 7988 SF retail/office building on 0.94-acre lot.
      4500 Anderson Livsey Ln, Snellville, GA 30039
      View Details
    • $1,325,000

      Prime Commercial Land Opportunity

      Commercial land with C2 zoning next to Walmart Supercenter.
      4002 Zoar Church Rd, Snellville, GA 30039
      View Details
    • $325,000

      Vacant Lot Adjacent to Park

      Wooded 9.74-acre lot near Lenora Park in Snellville, GA.
      2918 Centerville Rosebud Rd, Snellville, GA 30039
      View Details
    • $49,900
      0.63 Acres

      Land Opportunity in Snellville, GA

      Land for sale in a growing area of Snellville.
      4440 Susans Way, Snellville, GA 30039
      View Details
    • $105,000
      0.75 Acres

      Residential Land in Snellville, GA

      0.749 acre lot, ideal for building or investment.
      8615 Smith James Rd, Snellville, GA 30039
      View Details

    Similar Nearby for Sale

    • $699,000
      6.01 Acres

      Prime Commercial Land in Snellville

      6-acre commercial development opportunity on Hwy 124 in Snellville.
      3900 Centerville Hwy, Snellville, GA 30039
      View Details
    • $799,900

      Snellville Retail/Office Building on Acreage

      Freestanding 7988 SF retail/office building on 0.94-acre lot.
      4500 Anderson Livsey Ln, Snellville, GA 30039
      View Details
    • $1,325,000

      Prime Commercial Land Opportunity

      Commercial land with C2 zoning next to Walmart Supercenter.
      4002 Zoar Church Rd, Snellville, GA 30039
      View Details
    • $325,000

      Vacant Lot Adjacent to Park

      Wooded 9.74-acre lot near Lenora Park in Snellville, GA.
      2918 Centerville Rosebud Rd, Snellville, GA 30039
      View Details
    • $49,900
      0.63 Acres

      Land Opportunity in Snellville, GA

      Land for sale in a growing area of Snellville.
      4440 Susans Way, Snellville, GA 30039
      View Details
    • $105,000
      0.75 Acres

      Residential Land in Snellville, GA

      0.749 acre lot, ideal for building or investment.
      8615 Smith James Rd, Snellville, GA 30039
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space For Lease

      2,500 SF retail space available for lease.
      3641 Centerville Hwy, Snellville, GA 30039
      View Details
    • $6,666 /Mo
      2,000 SF

      Retail Space in Snellville, GA

      Retail space available on Centerville Rosebud Road.
      3524 Centerville Rosebud Rd, Snellville, GA 30039
      View Details
    • $1,795 /Mo

      Retail Space in Broad Leaf Plaza

      Retail space for rent in Snellville, Georgia.
      3400 Centerville Hwy, Snellville, GA 30039
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Centerville Rosebud

      Retail space available on Centerville Rosebud Road.
      3524 Centerville Rosebud Rd, Snellville, GA 30039
      View Details
    • Contact for pricing

      Retail Space in Snellville, GA

      Retail space for lease in Snellville, GA shopping center.
      3035 Centerville Hwy SW, Snellville, GA 30039
      View Details
    • $14 SF/Yr

      Snellville Flex Space Available

      Flex space with office, drive-in door, and ample parking.
      3151 Lenora Church Rd, Snellville, GA 30039
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3366 Centerville Hwy
    Snellville, GA 30039
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3366 Centerville Hwy, Snellville, GA, 30039
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!