1560 Summit Chase Dr - Schools FOR SALE


Snellville, GA 30078
$4,550,000 USD
706-340-6066
1560 Summit Chase Dr, Snellville, GA for Sale
$4,550,000 USD
Schools - FOR SALE
1/19
null | 7.25% Cap Rate

1560 Summit Chase Dr
Snellville, GA 30078


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
  • Tenant Strength: Operated by an experienced franchisee with 3 locations and a proven track record of success in early childhood education
  • Modern Facility: High-quality construction with amenities catering to children’s learning and safety
  • Location: Positioned in a growing suburban market, offering excellent visibility and accessibility from Highway 78
  • Strong Market Demographics: Located in a densely populated area with strong household incomes, supporting sustained demand for childcare services

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Snellville NNN Investment

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,180 SF

ZONING

OP

APN/PARCEL ID

R5069-280

ASK ABOUT THIS PROPERTY

Daniel BennettNAI Elrod GroupMore Info
706-340-6066

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Daniel BennettNAI Elrod GroupMore Info
706-340-6066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.