9859 Highway 92Woodstock, GA 30188

Property Details for 9859 Highway 92

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.71 AC

Property size (Sq ft)

4,811 SF

Zone code

GC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

15N12 239

APU

15N12239

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,495,795

  6.5%

  $1,380,734

  7%

  $1,282,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,974,832

  Geo Method

  $2,364,853

• Alternative Use

  Use

  Valuation

  Residential

  $1,164,700

  Hospitality

  $1,066,859

  Educational

  $887,614

  Medical

  $918,141

  Retail

  $1,380,734

Location Insight

City

Woodstock

County

Cherokee

State

Georgia

Latitude

34.0867

Longitude

-84.5246

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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