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Chase Bank Ground Lease, Roswell, GA

Chase Bank Ground Lease

GA, USA

Price $4,153,000
Cap Rate
NOI
Lease Term 20 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 2020
Building Size 3,356 SF
Lot Size 0.722 Acres (31,460 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» Long-term absolute NNN ground lease with scheduled rental increases, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor

INVESTMENT GRADE TENANT WITH STRONG FINANCIALS
» Corporate lease to JP Morgan Chase (NYSE: “JPM”), rated “A+” by Standard & Poor’s
» JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States and has over $2.6 trillion in assets
» Chase recently announced plans to open 400 new retail branches and hire 3,000 employees in new U.S. markets over the next five years as part of a $20 billion growth strategy

HIGH-EXPOSURE LOCATION WITH AFFLUENT AND LARGE CUSTOMER BASE
» Hard-corner location at the signalized four-way intersection of Alpharetta Street and Holcomb Bridge Road, with excellent visibility and access to a combined 112,070 vehicles per day
» Located at the confluence of several highly trafficked Georgia thoroughfares, including State Routes 140, 9, and 92
» Beneficial location in an extremely affluent area, with an average annual household income of $140,238 within a five-mile radius of the property
» 190,225 residents live within five miles of the property, establishing an extremely large customer base for the site

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including Kroger, ALDI, McDonald’s, Starbucks, Chick-fil-A, Marshalls, and many more
» Outparcel to Roswell Village Shopping Center, greatly promoting crossover shopping to the location
» Located within five miles of 10 major shopping centers with a combined 4.7 million SF of retail space and 492 stores
» Three miles from Chattahoochee River National Recreation Area (3.39 million visitors in 2019)


Property Description

SOLD

The property has a hard-corner location at the signalized four-way intersection of Alpharetta Street and Holcomb Bridge Road, with excellent visibility and access to a combined 112,070 vehicles per day. The site is centrally located at the confluence of several highly trafficked Georgia thoroughfares, including State Routes 140, 9, and 92. The site is ideally located in an extremely affluent area, with an average annual household income of $140,238 within a five-mile radius of the property. 190,225 residents live within five miles of the property, establishing an extremely large customer base for the site.

The property is centrally located near large employers, retailers, and community hubs. The site is surrounded by a strong mix of local and national retailers, including Kroger, ALDI, McDonald’s, Starbucks, Chick-fil-A, Marshalls, and many more. Additionally, the property is located within five miles of 10 major shopping centers with a combined 4.7 million SF of retail space and 492 stores. The location experiences increased traffic from area tourism and recreational attractions, including Chattahoochee River National Recreation Area (3.39 million visitors in 2019), which is located just 3 miles south of the property.

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