For Sale
$1,720,000

2356 Lenora Church RdSnellville, GA 30078

6,740 SF Medical Office, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
115
This 6,740 square foot Class C medical office building in Snellville, Georgia, is available for sale at $1,720,000. Located at 2356 Lenora Church Rd, 30078, this property boasts a strong tenant, Emory Specialty Associates, a wholly-owned subsidiary of Emory Healthcare Inc., under a Net-Net lease. The current lease, with an initial term of 10 years expiring March 31, 2027, includes two five-year renewal options. The annual rent, commencing April 1, 2024, is $113,839, with a 3% annual increase throughout the remaining initial term and option periods. Landlord responsibilities include roof, structure, and property insurance. Built in 1987 and renovated in 2017 (including a new roof), the building offers a competitive rental rate of $16.40 per square foot. This primary care facility serves the Snellville community, a thriving suburb of Atlanta. The property presents a compelling investment opportunity in a desirable location with a stable, high-quality tenant.

Highlights

  • 6,740 SF Class C medical office building in Snellville, GA, for sale at $1,720,000.
  • Located at 2356 Lenora Church Rd, Snellville, GA 30078.
  • Strong tenant, Emory Specialty Associates (Emory Healthcare subsidiary), under a Net-Net lease.
  • 10-year lease expiring March 31, 2027, with two 5-year renewal options; $113,839 annual rent (commencing April 1, 2024), 3% annual increases.
  • Landlord responsible for roof, structure, and property insurance; $16.40/SF annual rent.
  • Built in 1987, renovated in 2017 (new roof).

Property Details for 2356 Lenora Church Rd

Property type
Office properties, Medical offices
Square Feet
6,740 SF
Class
C
Year Built/Renovated
1987/2017

Location Insight

City
Snellville
County
Gwinnett
State
Georgia
Latitude
33.85502734165
Longitude
-84.019723402591
2356 Lenora Church Rd, Snellville, Georgia

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2356 Lenora Church Rd
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