2356 Lenora Church RdSnellville, GA 30078

Property Details for 2356 Lenora Church Rd

Year built

1974

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

6,840 SF

Zone code

BG-GENERAL BUSINESS

Property type

Healthcare properties

Property subtype

Medical offices

APN

5-026 -158

APU

5026158

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,251,314

  6.5%

  $1,155,060

  7%

  $1,072,555

• Comparable approach

  Method

  Valuation

  Relative Method

  $775,530

  Geo Method

  $775,530

• Alternative Use

  Use

  Valuation

  Residential

  $1,432,274

  Hospitality

  $1,311,955

  Educational

  $1,091,531

  Medical

  $1,129,071

  Retail

  $1,697,938

Location Insight

City

Snellville

County

Gwinnett

State

Georgia

Latitude

33.8552

Longitude

-84.0192

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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