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Chase Bank Ground Lease, Atlanta, GA

Chase Bank Ground Lease

Atlanta, Georgia

Price $2,400,000
Cap Rate 4.50% Return
NOI $108,000
Lease Term 10 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 2,894 SF
Lot Size 1.101 Acres (47,960 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 10-YEAR ABSOLUTE NNN CORPORATE GROUND LEASE
» 10-year absolute NNN corporate ground lease with scheduled rental increases, providing a hedge against inflation
» No landlord management, an ideal investment opportunity for an out-of-area investor
» New 2022 high-quality construction featuring ATM drive-thru

INVESTMENT GRADE TENANT WITH STRONG FINANCIALS
» JPMorgan Chase & Co. (NYSE: “JPM”), is rated “A-” by Standard & Poor’s and “A2” by Moody’s
» In 2021, JPMorgan Chase generated $21 billion of net income on a record revenue of $52 billion
» JPMorgan Chase, through its Chase subsidiary, is one of the “Big Four” banks of the U.S. and has over $3.7 trillion in assets

HIGH-EXPOSURE LOCATION NEAR STRONG TRAFFIC DRIVERS
» Located along Cleveland Avenue with excellent visibility and access to 19,720 vehicles per day
» Directly across from a Walmart Supercenter and surrounded by national tenants such as Kroger, Walgreens, Chick-fil-A, McDonald’s, Wendy’s, AutoZone Auto Parts, and many more
» Central location near major Atlanta thoroughfares including State Route 166/Arthur B. Langford Jr. Parkway (66,500 AADT), Interstate 85 (154,000 AADT), and Interstate 75 (379,000 AADT)
» Walking distance to Wellstar Atlanta Medical Center South (302 beds) with proximity to Wellstar Atlanta Medical Center (460 beds), the second-largest licensed-bed hospital in Georgia
» Near well-attended schools including Georgia State University (32,082 students), Georgia Military College (2,572 students), Atlanta Metropolitan State College (2,187 students), and many others

PRIME LOCATION WITH ACCESS TO A LARGE CUSTOMER BASE
» 189,039 residents live within a five-mile radius, establishing a large customer base for the site
» Beneficial proximity to Cobb County International Airport (second busiest general aviation airport in the state) and Hartsfield-Jackson Atlanta International Airport the busiest airport in the world (over 100 million annual passengers), with $34.8 billion in economic impact for metro Atlanta and Georgia’s largest employer (63,000 employees)
» Well-positioned in Atlanta, the most populous city in Georgia (498,715 population), and the ninth-largest metro area in the U.S. (over six (6) million people)
» Atlanta is ranked on the National Geographic “Best of the World 2022” list as the top destination to visit
» Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection, and Area Development ranked Georgia the top state for doing business for the seventh year in a row



Property Description

Chase Bank is located along Cleveland Avenue with excellent visibility and access to 19,720 vehicles per day. The property is across from a Walmart Supercenter and surrounded by national tenants such as Kroger, Walgreens, AutoZone Auto Parts, Chick-fil-A, McDonald’s, Wendy’s, and many more. The site is centrally located near major Atlanta thoroughfares including State Route 166/Arthur B. Langford Jr. Parkway (66,500 AADT), Interstate 85 (154,000 AADT), and Interstate 75 (379,000 AADT). The property is within walking distance to Wellstar Atlanta Medical Center South (302 beds) with proximity to Wellstar Atlanta Medical Center (460 beds), the second-largest licensed-bed hospital in Georgia. The site is near well-attended schools including Georgia State University (32,082 students), Georgia Military College (2,572 students), Atlanta Metropolitan State College (2,187 students), and many others.

189,039 residents with an average annual household income of $59,673 live within a five-mile radius, establishing a large customer base for the site. The average annual household income within five miles is projected to increase 17 percent by 2026, poising Chase Bank and the immediate trade area for significant concurrent growth. The site maintains beneficial proximity to Cobb County International Airport (the second busiest general aviation airport in the state) and Hartsfield-Jackson Atlanta International Airport, the busiest and most efficient airport in the world (over 100 million annual passengers), with $34.8 billion in economic impact for metro Atlanta and the largest employer in Georgia (63,000 employees). The property is also well-positioned in Atlanta, the most populous city in Georgia (498,715 population) and the ninth-largest Metro area in the U.S. (over six (6) million people). Atlanta is ranked on the National Geographic “Best of the World 2022” list as the top destination to visit. Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection, and Area Development ranked Georgia the top state for doing business for the seventh year in a row.

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