Listed by Rise Property Group
$1,428,330
Truist Bank | Absolute NNN | Sylvester, GA
Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 9,669
Net Rentable (SqFt) 9,669
Units 1
Cap Rate 6.25%
NOI $89,270
Occupancy 100%
Tenancy Single
Brand/Tenant Truist
Lease Type Absolute NNN
Lease Term 21.1
Lease Expiration 12/31/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options One 3-Years & Five 5-Years
Price per SqFt $148
Class B
Year Built 1962
Year Renovated 1997
Buildings 1
Stories 1
Acreage 0.800
Zoning Neighborhood Business District (C-1)
Parking Spaces 31 spaces
Parking Per SqFt 3.21
Investment Type Net Lease
Lease Commencement 12/10/2007
Occupancy Date 12/10/2007
Sale Condition 1031 exchange
5 Years Remaining | Absolute NNN Lease | Credit Tenant
Marketing description
Rise Property Group is pleased to present this Truist Bank Bank for sale in Sylvester, GA. Truist has a strong operating history at the site and committed to an early extension. There is approximately 3 years remaining on the Lease with One 3-Year Option and Five 5-Year Options remaining.
The site is centrally located in Downtown Sylvester, GA, surrounded by multiple national and local businesses.
Investment highlights
Absolute NNN Lease
Strong Operating History
Approximately 3 Years Remaining
One 3-Year Option and Five 5-Year Options remaining
Listing Contacts
Listed by Rise Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,270.00
$7,439.17/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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