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Listed by Daniel Bennett • NAI Elrod Group
$4,550,000
Est. payment /mo
1.68 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10421532
Construction Status Resale
Year Built 2005
Annual Tax Amount $30,450
Tax Year 2024
Lot Size 1.680 Acres
Property Description
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.
Location
State GA
County Gwinnett
Zoning OP
Interior
Heating Central
Cooling Electric
Flooring Laminate
Exterior
Parking Features Parking Lot
Garage Spaces 32.0
Utilities Available Sewer Available, Water Available
Roof Type Composition
Building
Sewer Public Sewer
Construction Status Resale
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Renee Stutts
REALTOR®/Sales Advisor | License ID: 408104
REALTOR®/Sales Advisor License ID: 408104