9859 Hwy 92 Woodstock, GA 30188-3865

Property Details for 9859 Hwy 92

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.71 lot acres

Property size

4,811 SF

Zone code

GC

Property type

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.