For Sale
$3,609,000

9859 Highway 92Woodstock, GA 30188

Atlanta MSA: Prime Retail Ground Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,250 square foot, newly constructed (2024) Chase Bank ground lease in Woodstock, GA. Located on Hwy 92, this absolute NNN lease boasts a 15-year term commencing October 9, 2024, and includes rent bumps. The property sits on a 0.7-acre lot within a thriving retail corridor featuring national brands like Sam's Club, Lowe's, and Target, ensuring high visibility and traffic. The strong tenant, Chase Bank, is backed by a corporate guarantee and enjoys a prime location near major roadways (I-575 and Hwy 92) and residential communities, creating a stable customer base. With a 4.85% cap rate and a Net Operating Income (NOI) of $175,000, this is an ideal passive investment, particularly suitable for 1031 exchange transactions. The property benefits from a high average household income within a 5-mile radius ($131,616) and proximity to schools, further enhancing its long-term value. The lease features a drive-up ATM lane and is situated near other high-performing retailers, including Planet Fitness and Chick-fil-A. This is a rare opportunity to acquire a high-quality, low-maintenance investment with significant upside potential.

Highlights

  • High-visibility location on Hwy 92 and I-575, with over 67,200 vehicles daily on Hwy 92 and 106,000 AADT on I-575.
  • Thriving retail corridor with national tenants including Sam's Club, Lowe's, Target, Planet Fitness, and Chick-fil-A.
  • Proximity to residential communities (South on Main, Station 92 Apartments) and schools (Woodstock Elementary, Middle, and High Schools).
  • Strong, stable customer base of 190,232 residents within a 5-mile radius.
  • Affluent demographic with an average household income of $131,616 within 5 miles.
  • New (2024) construction, 3,250 sq ft Chase Bank building with drive-up ATM, 15-year NNN lease with rent bumps, corporate guarantee.

Property Details for 9859 Highway 92

Property type
Retail properties, Retail space
Square Feet
3,250 SF
Year Built
2024
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Woodstock
County
Cherokee
State
Georgia
Latitude
34.086242766339
Longitude
-84.524484495973
9859 Highway 92, Woodstock, Georgia

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9859 Highway 92
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