PNC Bank

Highlights:

• Newly Renovated PNC Bank in Woodstock, Georgia (Atlanta MSA)
• Investment Grade Guarantee Strength : A- by S&P, 7th Largest Bank
• Outparcel to Walmart Supercenter Anchored Center : 2.7M annual visits
• Rare NNN Fee Simple Structure Allowing for Depreciation
• Affluent Market : $164,660 Household Incomes
• Densely Populated Area of the Atlanta MSA : 160,211 residents within 5 miles
• Hedge Again Inflation With 10% Built in Rent Increases Every 5 Yeears
• Top Tier Banking Deposits on Corridor: Wells Fargo ($162M), Regions ($103M), Synovus ($331M), Truist ($140M), and Bank of America ($145M)

Description:

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.

Woodstock is a city in Cherokee County, Georgia, approximately 30 miles north of downtown Atlanta. Originally a stop on the Louisville and Nashville
Railroad, Woodstock is part of the Atlanta metropolitan area. The Woodstock region is full of great area attractions including world-class golf and is
home hundreds of thriving small businesses, regional shopping and tourism destinations. Woodstock continues to be among the fastest-growing cities
in Cherokee County and Northern Georgia. Cherokee County will add nearly 160,000 residents by 2040, bringing the total population to 392,500, to the
latest county population forecasts from the Atlanta Regional Commission predict. Cherokee employment is also predicted to have a huge increase as an
additional 37,105 jobs will be offered, bringing the grand total to 108,760 in 25 years. The share of the county’s population that is 65 and over will
increase from 12 to 21 percent. The northern suburbs are growing quickly due to relatively low housing costs and good schools. Cherokee is seen as a
good place to raise a family. Woodstock and Canton are vibrant, growing communities that attract singles and families to the area. Outside of those
more urban areas there is plenty of land and there are numerous affordable, attractive neighborhoods all around.

The City of Woodstock is a growing city with a young, vibrant and well-educated population. The city has dramatically changed over the past 10 years.
The significant mixed-use development transformed the downtown area with new retail, restaurants and housing. The vibrant businesses, supportive
residents and the many visitors have ensured that the downtown Woodstock is a place that will continue to thrive now and in the future. This
transformation is a prime example of the revival of a town center that did not sacrifice history and character but at the same time resulted in a city that
has been held up as a model in the Atlanta region. With an estimated population of 304,516, Cherokee is currently the fastest-growing county in the
metro Atlanta area. Cherokee is and remains largely a bedroom community. Most people – about 78 percent of the workforce – travel elsewhere to earn a
living. Cherokee has spent money to build greenspaces, trails and parks that lend credence to the idea of quality of life, and plans are underway to
develop a linear park and greenway system that connects across the county.

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