Chase Bank Ground Lease | Atlanta MSA | 9859 Highway 92
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Chase Bank Ground Lease | Atlanta MSA 9859 Highway 92
3,250 SF 4-Star Retail Building Woodstock, GA 30188 £2,851,146 (£877/SF) 4.85% Net Initial Yield
Investment Highlights
- New 15-year absolute NNN ground lease with 10% rental increases every five years
- Chase Bank is one of the world’s leading financial institutions with nearly $3.4T in assets as of August 2024
- No landlord management, ideal for a passive or out-of-area investor
- Corporate lease to JP Morgan Chase (NYSE: “JPM”), rated “A+” by S&P
- JP Morgan Chase reported approximately $50B of profit in 2023
Executive Summary
The property is strategically located along State Highway 92 with access to more than 67,200 vehicles per day directly in front of the property, and positioned just off Interstate 575 with exposure to 106,000 AADT, further enhancing the property’s accessibility and visibility.
This Chase Bank is positioned within a thriving retail corridor that includes high-performing tenants like Planet Fitness, Shell Gas Station, and Chick-fil-A, enhancing cross-traffic and customer visits.
Within walking distance of residential communities such as South on Main and Station 92 Apartments, establishing a built-in customer base for the site.
Located within five miles of Woodstock Elementary School, Woodstock Middle School, and Woodstock High School (combined enrollment count of 4,000+ students). 190,232 residents live within 5 miles of the site, creating a stable customer base for the site. High . average annual household income of $131,616 within five miles of the property (projected to increase by more than 14% over the next five years)
The property is a new, high-quality 2024 construction built to Chase Bank’s latest prototype and features a drive-up ATM lane for added customer convenience.
This Chase Bank is positioned within a thriving retail corridor that includes high-performing tenants like Planet Fitness, Shell Gas Station, and Chick-fil-A, enhancing cross-traffic and customer visits.
Within walking distance of residential communities such as South on Main and Station 92 Apartments, establishing a built-in customer base for the site.
Located within five miles of Woodstock Elementary School, Woodstock Middle School, and Woodstock High School (combined enrollment count of 4,000+ students). 190,232 residents live within 5 miles of the site, creating a stable customer base for the site. High . average annual household income of $131,616 within five miles of the property (projected to increase by more than 14% over the next five years)
The property is a new, high-quality 2024 construction built to Chase Bank’s latest prototype and features a drive-up ATM lane for added customer convenience.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
3,250 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£2,851,146
Price Per SF
£877
Net Initial Yield
4.85%
NOI
£138,252
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.70 AC
Parking
18 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
132 ft on Highway 92
Amenities
- Drive Thru
Nearby Major Retailers
-
Power Broker Michael Yuras -
Power Broker Scott Crowle -
Power Broker Vincent Aicale -
Power Broker Ryan Forsyth -
Cushman & Wakefield
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Chase Bank Ground Lease | Atlanta MSA | 9859 Highway 92
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