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Chase Bank Ground Lease, Stone Mountain, GA

Chase Bank Ground Lease

Price $2,375,000
Cap Rate 4.00%
NOI $95,000
Lease Term 20 years
Lease Type Absolute NNN Ground Lease. Tenant is 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 2019
Building Size 3,470 SF
Lot Size 1.08 acres (47,029 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» Long-term 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 CUSTOMER BASE
» Conveniently located at the intersection of Five Forks Trickum Road and Rockbridge Road, with excellent visibility and access to 30,544 vehicles per day
» Easy access to U.S. Route 78, a major commuter corridor, which has a high traffic count of 96,000 vehicles per day
» Directly across from Rockbridge Village, a high-performing Kroger-anchored center
» Minutes from Stone Mountain, Georgia’s most visited tourist attraction, with over 4 million visitors per year
» The average household income within a one-mile radius of the property is $127,136
» 177,581 residents live within five miles of the property

NEW 2019 CONSTRUCTION
» Construction scheduled to be completed in late 2019
» Features ATM drive-thru
» Built by tenant at tenant’s expense, demonstrating long-term commitment to the location



Property Description

The property is conveniently located at the intersection of Five Forks Trickum Road and Rockbridge Road, with excellent visibility and access to 30,544 vehicles per day. The property enjoys convenient access to U.S. Route 78, a major commuter corridor, which has a high traffic count of 96,000 vehicles per day near the property. Located in a strong retail area, the property is close to a number of major national and regional retailers The property is directly across from Rockbridge Village, a Krogeranchored center also tenanted by Orangetheory Fitness, Goodwill, Subway, and more. Other notable tenants in the surrounding area include Walmart, Hobby Lobby, Walgreens, Little Caesars, Bruster’s Real Ice Cream, and Dollar Tree.

The property is located near a number of community recreational areas, including the Mountain Park Aquatic Center and Mountain Park Park. The property is also just minutes from Stone Mountain, Georgia’s most visited tourist attraction, with over 4 million visitors per year. Additionally, the property benefits from its location in an affluent and densely populated area; the average household income within a one-mile radius of the property is $127,136, and 177,581 residents live within five miles of the property.

Contact Us About This Property

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