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Chase Bank 4625 Country Club Rd 4,400 SF Retail Building Winston-Salem, NC 27104 $4,497,654 CAD ($1,022.19 CAD/SF) 4.50% Cap Rate
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
Building Size
4,400 SF
Building Class
B
Year Built
1989
Price
$4,497,654 CAD
Price Per SF
$1,022.19 CAD
Cap Rate
4.50%
NOI
$202,408 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.83 AC
Zoning
LO-S
Parking
48 Spaces (10.91 Spaces per 1,000 SF Leased)
Frontage
216’ on Country Club Rd
AMENITIES
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chase Bank
- Retailer
- 4,400 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chase Bank | Retailer | 4,400 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6805-50-6663 | Improvements Assessment | $803,776 CAD |
| Land Assessment | $733,792 CAD | Total Assessment | $1,537,568 CAD |
PROPERTY TAXES
Parcel Number
6805-50-6663
Land Assessment
$733,792 CAD
Improvements Assessment
$803,776 CAD
Total Assessment
$1,537,568 CAD
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Chase Bank | 4625 Country Club Rd
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