1220 Scenic Hwy - Day Care Center FOR SALE


Snellville, GA 30078
$5,352,857 USD
404-354-1590
1220 Scenic Hwy, Snellville, GA for Sale
$5,352,857 USD
Day Care Center - FOR SALE
1/3
null | 7% Cap Rate

1220 Scenic Hwy
Snellville, GA 30078


HIGHLIGHTS

  • Corporate Lease to Children of America
  • New 15 Year NN Lease with Attractive Increases
  • Ideal Child Care Location / Dense & Affluent Community
  • Major Regional Retail Corridor - Synergistic Anchors & Co-Tenancy
  • High Traffic location on Scenic Hwy (40,100 cars per day)
  • Recession-Proof Industry Not Affected by Amazon

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction, Children of America located in Lawrenceville (Atlanta MSA), Gwinnett County, GA (the "Property"). Children of America (COA) is one of the nation's leading early childhood education providers, bringing high-quality childcare solutions to communities across the country. COA currently has over 60 locations across 15 states, with another 12 locations in development increasing expansion across 19 states. Children of America signed a fifteen (15) year NN lease plus two 5 year options. The lease features 2% annual increases beginning Year 6, 2.5% annual increases beginning Year 11 and then 3% annual increases during each option. The site features a 10,000 SF building plus two outdoor play areas and sits on 1.659 acres. This will be the first of many Children of America locations in Georgia. COA chose this location due to the proximity of a large & affluent population base as well as a large retail concentration bringing in daytime customers. Within a 5 Mile radius, there are more than 67,225 Households with an average HH Income of $115,925 and a Population exceeding 208,167 People. The Property is located on Scenic Hwy, which has over 40,100 cars per day.

FOR SALE DETAILS

PRICE

$5,352,857 USD

PRICE/SF

$546 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Children of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Billy BenedictNorthmarqMore Info
404-354-1590

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Billy BenedictNorthmarqMore Info
404-354-1590

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.