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Chase Bank (Ground Lease) 1775 Mars Hill Rd NW 3,526 SF Retail Building Acworth, GA 30101 $4,021,500 ($1,140.53/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease | Investment Grade Tenant (S&P: A+) | $4 Trillion in Assets
- Publix and Kroger-Anchored Retail Corridor | Brookstone Country Club Community
- Within Atlanta MSA | 30 Miles From Downtown Atlanta | 6.3+ Metro Million Residents
- Long-Term Absolute NNN Ground Lease | 15+ Years Remaining | 10% Rent Increases
- Affluent Local Demographics | 119,126 Residents Within 5 Miles | $215,144 1-Mile AHHI
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a ground lease interest in the Chase Bank located in Acworth (Atlanta MSA), Georgia. The Property consists of an 3,526 SF building on a 1.28-acre parcel of land.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Bank
Building Size
3,526 SF
Building Class
C
Year Built
2020
Price
$4,021,500
Price Per SF
$1,140.53
Cap Rate
4.65%
NOI
$187,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.28 AC
Zoning
GC
Parking
62 Spaces (17.58 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-0225-0-102-0 | Improvements Assessment | $278,080 |
| Land Assessment | $394,676 | Total Assessment | $672,756 |
PROPERTY TAXES
Parcel Number
20-0225-0-102-0
Land Assessment
$394,676
Improvements Assessment
$278,080
Total Assessment
$672,756
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Chase Bank (Ground Lease) | 1775 Mars Hill Rd NW
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