Re-Priced Chase Bank Ground Lease (Atlanta MSA)

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Loreen Boone
5 years ago
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Subject Property Re-Priced Chase Bank Ground Lease (Atlanta MSA) 690 Collins Hill Rd at Highway 316 - Lawrenceville, GA 30046 Robert James Phone: (212) 686-0072 E-mail: rob@exp1031.

1 million people Pad site to Walmart Supercenter and Kohl's anchored center totaling 358,999 sf 9.

1 Subject Property Re-Priced Chase Bank Ground Lease (Atlanta MSA) 690 Collins Hill Rd at Highway Lawrenceville, GA Robert James Phone: (212) rob@exp1031.com EXCLUSIVE OFFERING Dan de Sa Phone: (212) dan@exp1031.com Price Reduced: $1,966,250 NOI: $86,515 CAP: 4.40% Atlanta MSA (9 th largest in US) with 6.1 million people Pad site to Walmart Supercenter and Kohl's anchored center totaling 358,999 sf 9.31% population growth projected in 3 miles 2015 to 2020 Near Georgia Gwinnett College with 11,000 students and plans to add more Collins Hill Road was recently widened from 3 to 5 lanes and connects Chase with GGC Absolute triple net ground lease with 11 years remaining on base lease term 10% rent escalations in base term and options

Valley Ground Ranch Lease Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale the fee interest in the land under a 4,500 sf Chase Bank ground

The property is located at the entrance to the 358,999 sf Lawrenceville Crossings Shopping Center anchored by a Walmart Supercenter and Kohl's with Subway, T-Mobile, Dorks College Textbooks,

2 Valley Ground Ranch Lease Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale the fee interest in the land under a 4,500 sf Chase Bank ground lease located in Lawrenceville, GA which is 30 miles from downtown Atlanta. The property is located at the entrance to the 358,999 sf Lawrenceville Crossings Shopping Center anchored by a Walmart Supercenter and Kohl's with Subway, T-Mobile, Dorks College Textbooks, MetroPCS, The UPS Store, GameStop, AT&T, Mattress Zone, H&R Block and Cycle Gear. The property is just off Georgia 316, which receives an average of 80,874 vehicles per day and connects Atlanta to Athens, GA. Collins Hill Road is a limited access highway which was recently expanded from 3 to 5 lanes and connects the property with Georgia Gwinnett College with a student population of 11,000 and faculty of 590 and plans to expand. Georgia Gwinnett College, located 1 mile from the Chase Bank, is a 4 year public college and a member of the University System of Georgia. GGC offers 42 concentration in 15 majors ( Lawrenceville Georgia is the county seat of Gwinnett County, which has a population of 805,321 making it the second most highly populated county in Georgia. It is a suburb of Atlanta, and is located approximately 30 miles northeast of downtown. Atlanta is the cultural and economic center of Georgia and the ninth largest metropolitan area in the United States. Population continues to show strong historical growth with a 9.15% increase from 2010 to 2015, and a 9.77% increase projected from 2016 to 2020 within 10 miles with a $79,504 average household income. GROUND LEASE SUMMARY: Base Term Expiration: May 2027 (tenant built and paid for the building) Rent: $86,515 in May, 2017 and $95,165 in Current rent is 78,650* Escalations 10% every 5 years in base term and all options Options: 4 (5) year options with 10% escalations Lease Type: Absolute triple net ground lease fee interest INVESTMENT SUMMARY Price Reduced: $1,966,250 CAP Rate: 4.40% NOI: $86,515* Escalation: Building SF: Land Size: 10% every 5 years in base term and all options 4,500 square feet 0.95 acres Lease Type: Absolute Triple net ground lease fee interest. Tenant constructed and paid for the building. Upon lease termination the ownership of the building reverts to the owner of the land. Options: 4 (5) year options *seller will credit buyer the difference between current and escalated rent as of closing TENANT OVERVIEW: JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (NYSE JPM) S&P: A JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. As of Dec 31, 2015 the company had revenue of 89.7 billion, total assets of 2.3 trillion and net income of $24.4 billion.

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4 Area Property Bird s History Eye Line ViewMap Potential to add parking by piping over seasonal stream (not part of retention pond and not included in sale)

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12 Property Demographic Line Data Map Radius 1 Mile 3 Mile 10 Mile Population: 2020 Projection 8,969 76, , Estimate 8,253 70, , Census 7,956 65, ,534 Growth % 9.31% 9.77% Growth % 6.69% 9.15% 2015 Population Hispanic Origin 1,698 14, , Population by Race: White 3,854 40, ,798 Black 3,774 21, ,533 Am. Indian & Alaskan ,057 Asian 307 5,244 74,667 Hawaiian & Pacific Island Other 230 1,873 14,464 Households: 2020 Projection 3,556 25, , Estimate 3,272 23, , Census 3,148 21, ,182 Growth % 9.31% 9.77% Growth % 6.76% 9.23% Owner Occupied , ,690 Renter Occupied 2,727 8,794 54, Avg Household Income $47,109 $67,904 $79, Med Household Income $35,495 $55,724 $63, Households by Household Inc: <$25,000 1,068 4,243 28,496 $25,000 - $50,000 1,005 6,033 49,682 $50,000 - $75, ,224 38,201 $75,000 - $100, ,277 30,514 $100,000 - $125, ,157 21,782 $125,000 - $150, ,107 11,746 $150,000 - $200, ,007 11,746 $200, ,925 Exclusively listed by: EXP Realty Advisors 118 East 28th Street Suite #901 New York, NY Phone: (212) Fax: (212) Website: Our Team Robert James Phone: (212) rob@exp1031.com Daniel de Sa' Phone: (212) dan@exp1031.com

Wendy s (with 60% above average sales)

Wendy s (with 60% above average sales) 5555 Sherwood Way San Angelo, TX Robert P. James President Email: rob@exp1031.com www.exp1031.com Daniel de Sa Director of Sales E-mail: dan@exp1031.com Price: $2,263,756