Properties

Verizon Wireless, Snellville, GA

1937 Scenic Highway SW (GA Hwy 124)
Snellville, GA 30078

PROPERTY SOLD

Property: Investment Sales

Price: $2,450,000

Cap Rate: Call

Description:

• Snellville is a high growth, densely populated and affluent metro Atlanta submarket
• Property is positioned at a heavily commuted intersection in a developed trade area
• Site consists of a 4,500 square foot retail store with 38 parking spaces on 0.93 acres
• Verizon signed a 7 year lease with rent bumps that commenced in March 2012
• Financed transaction closed escrow in August 2012 for approx. $2.45 million
• Leveraged buyer was a high net worth individual completing a 1031 exchange