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Regions Bank Ground Lease, Mableton, GA

Regions Bank Ground Lease

Price $3,609,000
Cap Rate 4.85%
NOI $175,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years in Initial Term
Year Built 2020
Building Size 1,500 SF
Lot Size .70 Acres (30,492 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

LONG-TERM ABSOLUTE NNN GROUND LEASE TO INVESTMENT GRADE TENANT
» Regions Bank is an investment grade tenant, with an “A-” rating from Standard & Poor’s
» Long-term absolute NNN ground lease ideal passive investment for an out-of-area investor
» 10% rental increases every five years in initial term, providing a hedge against inflation

SIGNALIZED HARD-CORNER LOCATION IN LARGE AND AFFLUENT ATLANTA MARKET
» Signalized hard-corner location on Floyd Road Southwest with access to 31,750 vehicles per day directly in front of the location
» Central location between highly trafficked thoroughfares East-West Connector and Veterans Memorial Highway Southwest (combined 61,870 AADT)
» Supported by a robustly affluent customer base, with an average annual household income of $100,601 within a one-mile radius of the site
» 182,247 residents within a five-mile radius of the location, providing a large customer base for the property
» Projected 16 percent AAHI increase within a five-mile radius of the site in the next five years, poising Mableton and Regions Bank for significant concurrent growth

CENTRALLY LOCATED NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS IN NEWLY DEVELOPED RETAIL CENTER
» Immediate proximity to several national retailers including Kroger, Publix, ALDI, Wells Fargo ($170mm in deposits), McDonald’s, Hardee’s, and many more, promoting crossover foot traffic to the location
» Within five miles of five major shopping centers featuring 1.6 million SF of retail space and 132 stores
» Convenient access to major tourist attractions and recreational areas, including Kennesaw Mountain National Battlefield Park and Six Flags Over Georgia ($372 million economic impact in 2018)
» Gateway to Atlanta, the ninth largest metropolitan area in the U.S.



Property Description

The property has a signalized hard-corner location along Floyd Road Southwest, a road with access to 31,750 vehicles per day directly in front of the location. The site is centrally located between East-West Connector and Veterans Memorial Highway Southwest, two highly trafficked thoroughfares, which experience a combined 61,870 AADT. The location is supported by a robustly affluent customer base, with an average annual household income of $100,601 within a one-mile radius of the site. The property is also supported by a large customer base, with 182,247 residents living within a five-mile radius of the site. The location is primed to grow with the surrounding area, with a projected 16 percent average annual household income increase within five miles of the site in the next five years.

The property provides a high-visibility location in a newly developed 11-acre retail center to feature shopping, dining, a two-story self-storage facility, and more. The site is immediately adjacent to several national retailers, including Kroger, Publix, ALDI, McDonald’s, Hardee’s, and many more, promoting crossover foot traffic to the location. The property resides within five miles of five major shopping centers featuring 1.6 million SF of retail space and 132 stores, establishing the immediate area as a primary retail corridor. Additionally, the property maintains convenient access to major tourist attractions and recreational areas, including Kennesaw Mountain National Battlefield Park and Six Flags Over Georgia, which generated $372 million in economic impact for Cobb County in 2018. The location also serves as a common gateway to Atlanta, the ninth largest metropolitan area in the U.S.

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