Dacula, GA - Kiddie Academy

1162 Auburn Road, Dacula, GA

$3,322,000

Price

7.5%

Cap Rate

$249,150

NOI

Overview
Cap Rate
7.5%
NOI
$249,150
Building Size
9,966 sqft
Occupancy
100%
Year Built
1999
Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Kiddie Academy investment property located in Dacula, GA (Atlanta MSA). The tenant, Education Village, Inc., recently signed a brand new 15 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is franchisee guaranteed by a single unit Kiddie Academy operator with plans to expand to multiple other locations, and is also personally guaranteed by the owners of the operating entity. The building was also renovated in 2017 for Kiddie Academy specifications and features two enclosed playgrounds.

The subject property is strategically located along State Highway 324 (22,600 VPD), a major commuter thoroughfare for Dacula connecting the towns of Buford and Auburn. The asset is ideally positioned across from an Ingles supermarket, promoting crossover traffic to the site. Other national/credit tenants in the corridor include Publix, The Home Depot, Target, Walmart Supercenter, Kroger, CVS Pharmacy, Walgreens, and more, further increasing consumer draw to the trade area. Dacula serves as a prominent bedroom community of Atlanta, the most populous city in the state of Georgia. The 5-mile trade area is supported by a population of over 110,900 residents and over 26,800 daytime employees. Residents in the 1-mile trade radius boast an affluent average household income of $115,770, which is the ideal target demographics for any day care brand.


Location
Gallery