PNC Bank (Atlanta MSA) 12180 Hwy 92 3 417 pi² Commerce de détail Immeuble Woodstock, GA 30188 8 253 749 $ CAD (2 415,50 $ CAD/pi²) 5,05% Taux de capitalisation

Franklin Street is pleased to present this soon to be redeveloped PNC Bank in Woodstock, Georgia. Woodstock is a north suburb of Atlanta 20 miles from the perimeter. Woodstock is located in Cherokee County, which is one of the fastest growing counties in the state and projected to add 160,000+ residents by 2040, bringing the population to around 400,000 residents in the county. PNC Bank has a growing market share in Atlanta and plans to add 25+ locations over the next 3 years. The offering allows fee simple ownership versus a traditional ground lease structure, which allows significant tax advantages by offering the ability to depreciate the asset. PNC has a long term commitment to the site with a fully guaranteed 15 year lease structure with 10% bumps every 5 years. The site is located at a major intersection with the 4 corners being occupied by Publix, Kroger, Walmart, and First Baptist Church (16,000+ members). Other traffic generating retailers at the development include Dollar Tree, Uptown Cheapskate, Chipotle, McDonalds, Starbucks, among many others.