1560 Summit Chase Dr - Snellville NNN Investment
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1560 Summit Chase Dr - Snellville NNN Investment
12,386 SF Speciality Building Offered at £3,564,015 at a 7.25% Net Initial Yield in Snellville, GA 30078
Investment Highlights
- Lease Details: NNN lease at $360,000/year, 10% rent increase in Year 6 of the lease, and 10% rent bump in each 5-year renewal term
- Modern Facility: High-quality construction with amenities catering to children’s learning and safety
- Strong Market Demographics: Located in a densely populated area with strong household incomes, supporting sustained demand for childcare services
- Tenant Strength: Operated by an experienced franchisee with 3 locations and a proven track record of success in early childhood education
- Location: Positioned in a growing suburban market, offering excellent visibility and accessibility from Highway 78
Executive Summary
Property Description:
This premier Legacy Academy location offers a compelling investment opportunity with a newly executed 10-year NNN lease at closing. The tenant, a franchisee of Legacy Academy, operates this custom-built state-of-the-art early childhood education center, catering to the growing demand for high-quality childcare and education in Snellville. This facility, built in 2005 and spanning approximately 12,386 SF, is situated on 1.68 acres. With a 10% rent increase in Year 6 of the lease and 10% rent bump in each 5-year renewal term, this asset provides stable cash flow and long-term investment value.
Area Description:
Snellville, GA, is a thriving community in Gwinnett County with a robust local economy, excellent schools, and family-oriented amenities. The area benefits from consistent population growth, driven by its proximity to Atlanta, competitive housing market, and a high quality of life. This property is ideally located near residential neighborhoods, retail centers, and major thoroughfares, making it a convenient choice for families.
This premier Legacy Academy location offers a compelling investment opportunity with a newly executed 10-year NNN lease at closing. The tenant, a franchisee of Legacy Academy, operates this custom-built state-of-the-art early childhood education center, catering to the growing demand for high-quality childcare and education in Snellville. This facility, built in 2005 and spanning approximately 12,386 SF, is situated on 1.68 acres. With a 10% rent increase in Year 6 of the lease and 10% rent bump in each 5-year renewal term, this asset provides stable cash flow and long-term investment value.
Area Description:
Snellville, GA, is a thriving community in Gwinnett County with a robust local economy, excellent schools, and family-oriented amenities. The area benefits from consistent population growth, driven by its proximity to Atlanta, competitive housing market, and a high quality of life. This property is ideally located near residential neighborhoods, retail centers, and major thoroughfares, making it a convenient choice for families.
Property Facts
| Price | £3,564,015 | Lot Size | 1.68 AC |
| Price Per SF | £288 | Building Size | 12,386 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 7.25% | Year Built | 2005 |
| Property Type | Speciality | Tenancy | Single |
| Property Subtype | Schools | Parking Ratio | 2.58/1,000 SF |
| Building Class | C |
| Price | £3,564,015 |
| Price Per SF | £288 |
| Sale Type | Investment |
| Net Initial Yield | 7.25% |
| Property Type | Speciality |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 12,386 SF |
| Number of Floors | 1 |
| Year Built | 2005 |
| Tenancy | Single |
| Parking Ratio | 2.58/1,000 SF |
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 5-069-280 | Improvements Assessment | £688,521 |
| Land Assessment | £56,836 | Total Assessment | £745,357 |
PROPERTY TAXES
Parcel Number
5-069-280
Land Assessment
£56,836
Improvements Assessment
£688,521
Total Assessment
£745,357
zoning
| Zoning Code | OP |
| OP |
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1560 Summit Chase Dr - Snellville NNN Investment
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