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Regions Bank Ground Lease, Buford, GA

Regions Bank Ground Lease

Buford, GA

Price $3,948,000
Cap Rate 4.75%
NOI $187,500
Lease Term 10 Years
Lease Type Net Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Common Areas of the Development
Rental Increases 2% Annual Rental Increases After Fifth (5th) Year of Term
Year Built 2020
Building Size 1,500 SF
Lot Size .73 Acres (32,682 SF)
Status Available
Lead Broker Information Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

LONG-TERM NET GROUND LEASE TO INVESTMENT GRADE TENANT
» Regions Bank is an investment grade tenant, with an “A-” rating from Standard & Poor’s
» Regions Financial Corporation (NYSE: “RF”), with $126 billion in assets, is one of the nation’s largest full-service providers of consumer and commercial banking
» Long-term net ground lease with four (4) five-year option periods
» 2% annual rental increases after year five of the initial term, providing a hedge against inflation

SIGNALIZED HARD-CORNER LOCATION IN LARGE AND AFFLUENT ATLANTA MARKET
» Signalized hard-corner location at the intersection of Hamilton Mill Road and Ridge Road, with access to a combined 33,700 vehicles per day directly in front of the location
» Central location between highly trafficked Georgia thoroughfares, including Interstate 85 and Interstate 985 (combined 161,700 AADT)
» Supported by a robustly affluent customer base, with an average annual household income of $110,826 within a one-mile radius of the site
» 113,930 residents within a five-mile radius of the location, providing a large customer base for the property
» Projected 12 percent average household income increase within a one-mile radius of the site in the next five years, poising Buford and Regions Bank for significant concurrent growth

CENTRALLY LOCATED NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Outparcel to Kroger-anchored shopping center, funneling crossover traffic directly to the location
» Surrounded by a strong mix of local and national retailers, including Walmart, Publix, Lowe’s, The Home Depot, Burger King, Marco’s Pizza, and many more
» Beneficial proximity to Buford’s most highly attended schools, including Mill Creek High School (3,998 students), Frank N. Osborne Middle School (1,703 students), and Duncan Creek Elementary School (1,129 students)
» 4.5 miles from the Mall of Georgia, the largest mall in Georgia and a major tourist attraction visited by 15 million shoppers each year
» Gateway to Atlanta, the ninth-largest metropolitan area in the U.S.



Property Description

The property has a signalized hard-corner location at the intersection of Hamilton Mill Road and Ridge Road, with access to a combined 33,700 vehicles per day directly in front of the location. The site is centrally located between highly trafficked Georgia thoroughfares, including Interstate 85 and Interstate 985 (combined 161,700 AADT). The location is supported by a robustly affluent customer base, with an average annual household income of $110,826 within a one-mile radius of the site. The property is also supported by a large customer base, with 113,930 residents living within a five-mile radius of the site. The location is primed to grow along with the surrounding area, with a projected 12 percent average annual household income increase within one mile of the site in the next five years.

The property greatly benefits from its central location near large employers, retailers, and Buford community hubs. The location is an outparcel to a Kroger-anchored shopping center, funneling crossover traffic directly to the site. The property is surrounded by a strong mix of local and national retailers, including Walmart, Publix, Lowe’s, The Home Depot, Burger King, Marco’s Pizza, and many more. The location maintains a beneficial proximity to Buford’s most highly attended schools, including Mill Creek High School (3,998 students), Frank N. Osborne Middle School (1,703 students), and Duncan Creek Elementary School (1,129 students). Additionally, the property maintains convenient access to major tourist attractions and recreational areas, including the Mall of Georgia, the largest mall in Georgia and a major tourist attraction visited by 15 million shoppers each year. The location also serves as a common gateway to Atlanta, the ninth-largest metropolitan area in the U.S.

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