For Sale
$3,988,000

3366 Centerville Hwy Snellville, GA 30039

High-traffic Chick-fil-A, long-term lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a ground lease for a newly constructed (2024) Chick-fil-A restaurant in Snellville, Georgia. The 5,399 square foot building sits on a 2.567-acre lot at 3366 Centerville Hwy, 30039, within the thriving Gwinnett County market. The property benefits from a 20.1-year absolute NNN lease (commencing January 15, 2025, and expiring January 31, 2045), providing significant long-term income stability. The lease includes rent bumps, ensuring consistent growth. The tenant, Chick-fil-A, Inc., provides a corporate guarantee, mitigating risk. The property boasts a strong 4.00% cap rate and a current NOI of $159,500. This prime location along Centerville Highway (32,900 AADT) offers excellent visibility and accessibility, surrounded by major retailers like Walmart, Lowe's, Target, and more, ensuring high traffic volume. The site is strategically positioned within a densely populated area (138,783 residents within a five-mile radius) with a high average household income ($113,161 within five miles), promising continued growth. The property's proximity to Centerville Rosebud Shopping Center further enhances its appeal and accessibility. This offering is ideal for a 1031 exchange. The asking price is $3,988,000.

Highlights

  • High-traffic Chick-fil-A location on Centerville Highway (32,900 AADT) with excellent visibility and accessibility.
  • Strong co-tenancy with Walmart, Lowe's, Target, Sam's Club, Home Depot, and Publix, driving significant customer traffic.
  • Thriving suburban location with 138,783 residents and $113,161 average household income within a five-mile radius.
  • Conveniently located near Centerville Rosebud Shopping Center in the Snellville area of the Atlanta MSA, offering excellent growth potential.

Property Details for 3366 Centerville Hwy

Property type
Retail properties, Retail space
Square Feet
5,399 SF
Year Built
2024
Lot Size (sq. ft)
111,819 SF

Location Insight

City
Snellville
County
Gwinnett
State
Georgia
Latitude
33.8097367
Longitude
-84.0425429

FAQs

What type of property is this?
Retail property - High-traffic Chick-fil-A, long-term lease.
Where is the retail property located?
The property is located at 3366 Centerville Hwy Snellville, GA.
What is the asking price?
The asking price for this property is $3,988,000.
What are key features of this property?
This property features: High-traffic Chick-fil-A location on Centerville Highway (32,900 AADT) with excellent visibility and accessibility.; Strong co-tenancy with Walmart, Lowe's, Target, Sam's Club, Home Depot, and Publix, driving significant customer traffic.; Thriving suburban location with 138,783 residents and $113,161 average household income within a five-mile radius.
How can I contact the broker?
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3366 Centerville Hwy
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