Active
1560 Summit Chase Drive
Snellville GA, 30078
$4,550,000
$367.35 per sqft
Active
12,386 sqft
Commercial
Built in 2005
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.
10421532
MLSⓇ ID
December 3, 2024
Listed
December 17, 2024
Updated
Map
1560 Summit Chase Drive
Snellville GA, 30078
Interior Features
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.68 Acres
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
Other Property Details
Taxes
$30,450
Tax Frequency
Annually
Days on Market
14
Garage
No
Parking
Parking Lot
Parking Total
32
View
No
County
Gwinnett
Water Source
Public
Pool
No
Listed with NAI Elrod Group
Based on information from Georgia MLS as of 12/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2024 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed.
Data last updated 6:49 AM UTC, 12/17/2024