4195 Old Milton Pky - Bank FOR SALE


Alpharetta, GA 30005
$6,185,000 USD
404-832-1251
4195 Old Milton Pky, Alpharetta, GA for Sale
$6,185,000 USD
Bank - FOR SALE
1/6
null | 4.85% Cap Rate

4195 Old Milton Pky
Alpharetta, GA 30005


HIGHLIGHTS

  • Densely Populated Atlanta Suburb: 200,000+ Residents with 5 Miles
  • Some of the Most Affluent Demographics in the Southeast: $216,000+ Household Incomes
  • Excellent Visibility on a Publix Outparcel: 49,000 VPD in front of the site
  • Oversize Lot Allowing For Future Optionality: 2.1 Acres
  • Fee Simple Ownership Allowing For Depreciation - Rare For a Bank Asset
  • PNC is the 7th Largest Bank With $575B in Assets and 2,300+ Branches

OVERVIEW

Franklin Street is pleased to present this newly renovated PNC Bank in Alpharetta, Georgia. Alpharetta is a northern suburb in the Atlanta MSA and Alpharetta, often dubbed the "Technology City of the South," home to over 900 technology companies, including heavy concentrations of fintech, cybersecurity, and software development firms. This leads to a really affluent population and home prices ranging from $650,000 - $4,000,000 in the immediate area. PNC Bank has been heavily focused on growth in Atlanta with plans to open 25+ branches over the next 2 years in the market. PNC Bank signed a new 15 year lease commencing in the fall that offers rare fee simple interest for a bank leased asset. The location is a corner parcel at a lighted intersection, in front of strong performing Publix anchored center. Publix attracts 1 million annual visitors to the site and $42M in annual sales, per Placer.AI. The location off Old Milton Parkway is a major east west connector off GA Hwy 400, which leads into Atlanta. Just west of the site is Avalon, the metro's premium mixed use development anchored by Whole Foods, AMC, Apple, Arhaus, Crate & Barrel, West Elm, The Container Store, Pottery Barn, along with many high performing restaurants. This intersection is an established banking corridor with very strong deposits: Wells Fargo ($242M), Chase ($143M), Truist ($95M), and Fifth Third coming soon, all within a block of each other for the affluent customers in the surrounding neighborhoods.

FOR SALE DETAILS

PRICE

$6,185,000 USD

PRICE/SF

$1,509 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank - New 15 Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

C1

APN/PARCEL ID

11-0260-0120-141-9

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.