For Sale
$2,070,000

1951 Rosebud RdGrayson, GA 30017

High-return, single-tenant office building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, 6,161 square foot Class B office building located at 1951 Rosebud Road, Grayson, GA 30017. The property boasts a 100% occupancy rate with a long-term lease in place until July 31, 2029, with a five-year renewal option. The tenant, Rain and Hail (a subsidiary of Chubb Limited), a global insurance leader with a market capitalization exceeding $100 billion, has occupied the building for 19 years, demonstrating a strong commitment to the location. Built in 2005 as a build-to-suit facility, this single-story building offers modern architecture, versatile interiors, and high-quality finishes. Situated on a 1.38-acre lot in a C2 zoned area, the property benefits from its convenient outparcel location within a Kroger-anchored shopping center and its proximity to Grayson City Park. The property generates a Net Operating Income (NOI) of $135,000, resulting in a 6.52% cap rate. Ample parking and on-site amenities enhance the tenant experience. This investment offers a secure and income-generating asset with a blue-chip tenant in a thriving, family-friendly community approximately 30 miles northeast of Atlanta. The property's strategic location along major highways ensures easy access to Atlanta and surrounding areas. This presents a rare opportunity for investors seeking a stable, high-return investment with a long-term, creditworthy tenant.

Highlights

  • 19-Year Lease with Chubb Subsidiary: Fully leased to Rain and Hail (Chubb subsidiary) through 7/31/2029, with a 5-year option. Chubb (NYSE: CB) has a strong financial profile.
  • Excellent Grayson, GA Location: 1951 Rosebud Road, Grayson, GA 30017. Outparcel in Kroger-anchored shopping center, adjacent to Grayson City Park.
  • Park-Adjacent Setting: Offers a serene work environment near Grayson City Park and convenient amenities.
  • Modern 6,161 SF Build-to-Suit Office: 2005 construction, designed for Rain and Hail, featuring ample parking and a flexible layout.

Property Details for 1951 Rosebud Rd

Property type
Office properties
Square Feet
6,161 SF
Class
B
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
60,113 SF
Units
1

Location Insight

City
Grayson
County
Gwinnett
State
Georgia
Latitude
33.895917670435
Longitude
-83.96098287721
1951 Rosebud Rd, Grayson, Georgia

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1951 Rosebud Rd
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