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Chase Bank 4625 Country Club Rd 4,400 sq ft Retail Property Winston-Salem, NC 27104 £2,387,277 (£542.56/sq ft) 4.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- INVESTMENT GRADE TENANT
- STRONG LEASE FUNDAMENTALS
- INNOVATION QUARTER AND DOWNTOWN WINSTON-SALEM
EXECUTIVE SUMMARY
STRONG LEASE FUNDAMENTALS
- 10% rent increase every 5 years and during options periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- Six (6) - Five (5) year option periods
INVESTMENT GRADE TENANT
- Corporate Guaranty from Investment Grade Tenant - JP Morgan has a Market Cap of $360B (NASDAQ: JPM) with over 5,600 locations across the country
- S&P rating of AA1
WINSTON-SALEM MSA
- Winston Salem has seen steady growth over the past 5 years with its population increasing by almost 2% since the last census
- According to the world population review, Winston-Salem is the fifth most populous city in the state of North Carolina
HIGHLY VISIBLE AND ACCESSIBLE LOCATION
- Located at the lighted intersection of Country Club Rd (21,500 VPD) & Jonestown Rd (20,500 VPD) providing superior visibility into the site
- Adjacent to Cambridge Park Apartments, a 250 unit apartment complex
LOCATED IN HIGH GROWTH RETAIL NODE
- Over 1.6M SF of Retail Space located in a 1-mile radius, boasting a vacancy rate of 2.4%
- Nearby National Retail Tenants include: Walmart Supercenter, Home Depot, Costco Wholesale, Sam’s Club, and much more
INNOVATION QUARTER AND DOWNTOWN WINSTON-SALEM
- Chase Bank is located west of the Innovation Quarter in Winston-Salem
- This area is attracting new businesses and reports indicating over $6 billion in investments and over 11,000 new jobs in the pipeline
- 10% rent increase every 5 years and during options periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- Six (6) - Five (5) year option periods
INVESTMENT GRADE TENANT
- Corporate Guaranty from Investment Grade Tenant - JP Morgan has a Market Cap of $360B (NASDAQ: JPM) with over 5,600 locations across the country
- S&P rating of AA1
WINSTON-SALEM MSA
- Winston Salem has seen steady growth over the past 5 years with its population increasing by almost 2% since the last census
- According to the world population review, Winston-Salem is the fifth most populous city in the state of North Carolina
HIGHLY VISIBLE AND ACCESSIBLE LOCATION
- Located at the lighted intersection of Country Club Rd (21,500 VPD) & Jonestown Rd (20,500 VPD) providing superior visibility into the site
- Adjacent to Cambridge Park Apartments, a 250 unit apartment complex
LOCATED IN HIGH GROWTH RETAIL NODE
- Over 1.6M SF of Retail Space located in a 1-mile radius, boasting a vacancy rate of 2.4%
- Nearby National Retail Tenants include: Walmart Supercenter, Home Depot, Costco Wholesale, Sam’s Club, and much more
INNOVATION QUARTER AND DOWNTOWN WINSTON-SALEM
- Chase Bank is located west of the Innovation Quarter in Winston-Salem
- This area is attracting new businesses and reports indicating over $6 billion in investments and over 11,000 new jobs in the pipeline
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
4,400 sq ft
Costar Property Class
B
Year Built
1989
Price
£2,387,277
Price per sq ft
£542.56
Yield
4.50%
NOI
£107,435
Tenancy
Single
Number of Floors
1
Plot ratio
0.12
Total Plot Size
0.83 ac
Use Class
LO-S - Office
Parking
48 Spaces (10.91 Spaces per 1,000 sq ft Leased)
Frontage
216 ft on Country Club Rd
AMENITIES
- Signage
- Signalised Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Chase Bank
- Retailer
- 4,400 sq ft
- -
- NNN
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Chase Bank | Retailer | 4,400 sq ft | - | NNN | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6805-50-6663 | Improvements Assessment | £426,331 |
| Land Assessment | £389,211 | Total Assessment | £815,542 |
PROPERTY TAXES
Parcel Number
6805-50-6663
Land Assessment
£389,211
Improvements Assessment
£426,331
Total Assessment
£815,542
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Chase Bank | 4625 Country Club Rd
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