1162 Auburn RdDacula, GA 30019

  • Specialty properties
  • 9,966 SF
For Sale
$3,743,000 View listing

Property Details for 1162 Auburn Rd

Year built
1999
Construction
WOOD
Lot size
1.45 AC
Property size (Sq ft)
9,966 SF
Zone code
C1-NBHD BUSINESS
Property type
Specialty properties
Property subtype
Day care centers & nurseries
APN
2-001 -425
APU
2001425

Description

This exceptional investment opportunity presents a 9,966 square foot, Class B, single-tenant, net-leased daycare center in Dacula, Georgia. The property, built in 1999 and renovated in 2017, sits on a 1.45-acre lot and is 100% occupied by a Kiddie Academy franchise. A 15-year lease, commencing December 1, 2019, and expiring November 30, 2034, includes three 5-year renewal options and features 2% annual rent increases. The current lease has 10 years remaining. The property boasts a strong financial performance, with a current NOI of $275,082 and a cap rate of 7.35%, projecting a pro-forma cap rate of 7.90%. Strategically located within a 5-minute drive of Hebron Christian Academy and Mulberry Elementary School, this daycare benefits from a robust local market with high demand for childcare services. The affluent surrounding area, with an average household income of $145,200 within a 5-mile radius, further supports the property's strong performance. The lease is personally guaranteed by a multi-unit operator, mitigating risk and ensuring long-term stability. The oversized lot offers potential for future expansion. This investment offers a compelling combination of strong tenant, long-term lease, and significant growth potential within a thriving childcare market. The asking price is $3,743,000.

1162 Auburn Rd, Dacula, Georgia

Location Insight

City
Dacula
County
Gwinnett
State
Georgia
Latitude
34.0325
Longitude
-83.9074
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,462
$265,280
$515,920
$781,200
-
$663,200
$1,289,800
$1,953,000

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