1162 Auburn RdDacula, GA 30019
- Specialty properties
- 9,966 SF
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.
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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