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.com EXCLUSIVE OFFERING www.exp1031.com Dan de Sa Phone: (212) 972-3947 E-mail: 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 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 (www.ggc.edu). 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 2022. 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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Property Demographic Line Data Map Radius 1 Mile 3 Mile 10 Mile Population: 2020 Projection 8,969 76,657 660,823 2015 Estimate 8,253 70,129 602,003 2010 Census 7,956 65,732 551,534 Growth 2015-2020 8.68% 9.31% 9.77% Growth 2010-2015 3.73% 6.69% 9.15% 2015 Population Hispanic Origin 1,698 14,118 102,669 2015 Population by Race: White 3,854 40,775 357,798 Black 3,774 21,618 150,533 Am. Indian & Alaskan 84 563 4,057 Asian 307 5,244 74,667 Hawaiian & Pacific Island 3 56 485 Other 230 1,873 14,464 Households: 2020 Projection 3,556 25,651 219,642 2015 Estimate 3,272 23,467 200,094 2010 Census 3,148 21,982 183,182 Growth 2015-2020 8.68% 9.31% 9.77% Growth 2010-2015 3.94% 6.76% 9.23% Owner Occupied 545 14,673 145,690 Renter Occupied 2,727 8,794 54,404 2015 Avg Household Income $47,109 $67,904 $79,504 2015 Med Household Income $35,495 $55,724 $63,884 2015 Households by Household Inc: <$25,000 1,068 4,243 28,496 $25,000 - $50,000 1,005 6,033 49,682 $50,000 - $75,000 668 5,224 38,201 $75,000 - $100,000 294 3,277 30,514 $100,000 - $125,000 92 2,157 21,782 $125,000 - $150,000 108 1,107 11,746 $150,000 - $200,000 15 1,007 11,746 $200,000+ 24 420 7,925 Exclusively listed by: EXP Realty Advisors 118 East 28th Street Suite #901 New York, NY 10016 Phone: (212) 972-7457 Fax: (212) 686-0078 Website: www.exp1031.com Our Team Robert James Phone: (212) 686-0072 E-mail: rob@exp1031.com Daniel de Sa' Phone: (212) 972-3947 E-mail: dan@exp1031.com