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Bank

Regions Bank

2255 Towne Lake Pkwy, Woodstock, GA 30189

Listing Price: $3,285,000

Cap Rate
5.50%
Tenant Name
Regions Bank
Years Remaining On Lease
5.1
Gross SF
5,742
Guarantor
Corporate Guarantee
Rentable SF
5,742
Price/Gross SF
$572.10
Lease Type
Absolute Net
Rent Per Square Feet
$3.27

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Regions Bank in Woodstock, Georgia. The property consists of a 5,742-square foot, freestanding building that sits on approximately 1.15 acres of land. There are approximately 5.1 years remaining on the current lease term, with a rental escalation scheduled in the next option, as well as each option thereafter. The property is located at the signalized hard corner of Towne Lake Parkway and Eagle Drive, where traffic counts exceed 53,841 vehicles per day. The area is extremely dense with more than 161,507 residents within a five-mile radius. Surrounding retailers in the immediate area include Kroger, Burger King, Hollywood Feed, Panera Bread, Wendy’s, Domino’s, McDonald’s, Chick-fil-A, Starbucks, Taco Bell, LA Fitness Jersey Mike’s and many more.

Investment Highlights

  • Absolute Net Lease with Approximately 5.1 Years Remaining
  • High Performing Branch – Over $60 Million in Consumer Deposits
  • Signalized Hard Corner Location on High-Trafficked Intersection (53,841 VPD)
  • Tenant Just Renewed a 5-Year Option, Displaying Their Commitment to the Site
  • Outparcel to Kroger-Anchored Development
  • Affluent Atlanta Submarket - Average Household Income of $120,460 (1-Mile Radius)
  • High Growth Market – 46% Population Growth Since 2020 (+7% Projected Over the Next Five Years)
  • Investment Grade Tenant (A-; S&P) - Corporate Guaranty from Regions Bank, a Fortune 500 Company

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Listing Price: $3,285,000

Cap Rate
5.50%
Tenant Name
Regions Bank
Years Remaining On Lease
5.1
Gross SF
5,742
Guarantor
Corporate Guarantee
Rentable SF
5,742
Price/Gross SF
$572.10
Lease Type
Absolute Net
Rent Per Square Feet
$3.27

Investment Highlights

  • Absolute Net Lease with Approximately 5.1 Years Remaining
  • High Performing Branch – Over $60 Million in Consumer Deposits
  • Signalized Hard Corner Location on High-Trafficked Intersection (53,841 VPD)
  • Tenant Just Renewed a 5-Year Option, Displaying Their Commitment to the Site
  • Outparcel to Kroger-Anchored Development
  • Affluent Atlanta Submarket - Average Household Income of $120,460 (1-Mile Radius)
  • High Growth Market – 46% Population Growth Since 2020 (+7% Projected Over the Next Five Years)
  • Investment Grade Tenant (A-; S&P) - Corporate Guaranty from Regions Bank, a Fortune 500 Company

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Regions Bank in Woodstock, Georgia. The property consists of a 5,742-square foot, freestanding building that sits on approximately 1.15 acres of land. There are approximately 5.1 years remaining on the current lease term, with a rental escalation scheduled in the next option, as well as each option thereafter. The property is located at the signalized hard corner of Towne Lake Parkway and Eagle Drive, where traffic counts exceed 53,841 vehicles per day. The area is extremely dense with more than 161,507 residents within a five-mile radius. Surrounding retailers in the immediate area include Kroger, Burger King, Hollywood Feed, Panera Bread, Wendy’s, Domino’s, McDonald’s, Chick-fil-A, Starbucks, Taco Bell, LA Fitness Jersey Mike’s and many more.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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