Charles Schwab - (Buckhead) - Atlanta, GA_Property for Sale
Charles Schwab - (Buckhead) - Atlanta, GA_Property for Sale
Peachtree Road 3314, Atlanta, GA, 30326, US

Charles Schwab - (Buckhead) - Atlanta, GA

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a freestanding single-tenant Charles Schwab regional bank branch located at 3314 Peachtree Road in Atlanta, GA (“Property” or “Asset”).


Initially constructed as a build-to-suit for the Tenant in 2009, the Asset features an investment grade corporate guaranty from Charles Schwab (S&P: ‘A-’), 6.3 years of lease term remaining, highly replicable contract rent, limited landlord responsibilities, and two, five-year renewal options.


In November 2019, the Tenant affirmed its long-term commitment to the Property by executing a new 10-year lease extension. Notably, the Property is one of only three Charles Schwab branches in Atlanta, GA.


Located in the heart of Atlanta's iconic Buckhead neighborhood, this mixed-use district is home to upscale retail and restaurants, luxury hotels, and high-rise commercial and multifamily development. The Property is positioned on a hard corner in an affluent and dense commercial corridor with access to traffic counts of 39,700+ VPD and 139,100 residents that earn over $171,000 in average household income (three-mile radius). Just within a few blocks are multiple MARTA stations, the Buckhead Loop, and convenient access to the Hwy GA-400.


The Buckhead retail submarket is supply-constrained and performs exceptionally well with 2.0% vacancy and 20.6% rent growth since 2020. Notably, the submarket commands the highest rental rates in the entire Atlanta MSA and the presence of high-density, luxury multifamily and trophy commercial development will positively influence real estate fundamentals for many years to come.


This unique and rare opportunity allows investors the ability to acquire an infill regional bank branch with high value intrinsic real estate situated the Buckhead neighborhood. The asset offers secure, long-term cash flow backed by an investment grade financial services firm that contains over $8.2 trillion in managed assets.

...

Attributes

Asking price
CA$12,468,000
NOI
CA$873,000
Cap rate
7%
WAULT
6.3 years
Building area gross
854 sm
Occupancy
100%
Year built
2009

Media

Investment highlights

  • $8.1 Trillion in Managed Assets
  • Infill location in Atlanta's #1 Financial District
  • Attractive 2.0% Annual Rent Increases
  • High traffic corner accessing over 75,700 VPD
  • 46% Population growth since 2010
  • In the heart of affluent Buckhead
  • Limited landlord responsibilities
  • One of three Charles Schwab branches in Atlanta, GA
  • AHHI of $171,000+


Charles Schwab - (Buckhead) - Atlanta, GA 4_Property for Sale

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Charles Schwab - (Buckhead) - Atlanta, GA (0 Properties)

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Last updated
May 16, 2024