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30897760
30897762

2600 Winder Hwy, Dacula, GA 30019

HW
GA 440846, WA WA 110547
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$1,695,000
88 days on market
Updated 6 days ago

Advance Auto Parts (5-Yr Option Exercised)

Details
Property Type Retail
Sub Type Storefront, Shopping Center (+1)
Square Footage 7,028
Net Rentable (SqFt) 7,028
Cap Rate 7.6%
NOI $128,853
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts (+2)
Lease Type NNN
Lease Term 26.1
Lease Expiration 03/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options One 5-Year
Price per SqFt $241
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 0.740
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/16/2005
Occupancy Date 03/16/2005
Ground Lease No
Ownership Fee Simple

Corp. Lease Extended | 7.60% CAP | $1,695,000

Marketing description

Marcus & Millichap is the exclusive listing agent for the Advance Auto Parts in Dacula, GA conveniently located along the heavily trafficked Winder Highway. The tenant has occupied the site since its construction in 2005 and most recently exercised a 5-year option to remain at the site into 2031. The property operates under a NNN lease where the tenant is responsible for the roof, parking and interior; the landlord is only responsible for the structure, foundation, HVAC and periodic sewer/pump station assessments (see agent for details).

Dacula is a fast-growing suburban community located in northeastern Gwinnett County within the greater Atlanta metropolitan area. Historically a small town, Dacula has evolved into a residential growth market driven by population expansion, strong schools, and proximity to major employment centers across metro Atlanta. The broader 30019 ZIP code area now has an estimated population of 55,000 with a median household income near $97k–$115k, reflecting a relatively affluent suburban demographic with strong family household formation.

Dacula functions primarily as a bedroom community for nearby job centers while also developing a growing local retail and service economy. The most important economic driver for Dacula is its connectivity to the greater Atlanta job market. Many residents commute to nearby employment hubs including Lawrenceville, Buford, Duluth and downtown Atlanta. The city is experiencing continued population expansion driven by migration from urban Atlanta suburbs, relatively affordable housing compared to core metro areas and strong public school systems.

Investment highlights

· Corporate Guaranteed Lease – Tenant Recently Exercised 5-Year Option Through March 2031

· NNN Lease – Landlord Only Responsible for Slab/Structure/HVAC and Periodic Sewer Assessments (See Agent for Sewer Details)

· Ideal Highway Frontage Location Just Minutes from Downtown Dacula

· Submarket Growing Rapidly – New Construction Homes and Large Commercial Projects Underway (316 Logistics Center – Will bring 300–500 New Jobs to Dacula - $70,000,000 Investment)

· Located Minutes from Several Large Employers/Distribution Centers Including Publix, Home Depot, Goodwin Company, and Frito Lay (See Aerial Page)

Listing Contacts

HW
GA 440846, WA WA 110547
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,853.00
$10,737.75/mo

Valuation Metrics

0
DSCR
7.6%
Cap Rate
7.6%
ROI

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Additional Information

Name
John Leonard
License
GA 252904
Brokerage
M&M
Title
Broker of Record
Name
Hank Wolfer
License
440846
Brokerage
Marcus & Millichap
Brokerage Phone
(678) 808-2700
Brokerage Address
1100 Abernathy Road Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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