9859 Highway 92 - Bank FOR SALE


Woodstock, GA 30188
$3,609,000 USD
415-481-0788
9859 Highway 92, Woodstock, GA for Sale
$3,609,000 USD
Bank - FOR SALE
1/7
null | 4.85% Cap Rate

9859 Highway 92
Woodstock, GA 30188


HIGHLIGHTS

  • New 15-year absolute NNN ground lease with 10% rental increases every five years
  • Corporate lease to JP Morgan Chase (NYSE: “JPM”), rated “A+” by S&P
  • Chase Bank is one of the world’s leading financial institutions with nearly $3.4T in assets as of August 2024
  • JP Morgan Chase reported approximately $50B of profit in 2023
  • No landlord management, ideal for a passive or out-of-area investor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,609,000 USD

PRICE/SF

$1,110 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank Ground Lease | Atlanta MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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