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20131322
20131323

500 Glynn Isle, Brunswick, GA 31525

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
AS
GA 251860, SC 52218
Colliers - Savannah, Georgia
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Savannah, Georgia
$2,445,000
619 days on market
Updated 7 days ago

Wells Fargo

Details
Property Type Retail
Sub Type Bank
Square Footage 3,276
Cap Rate 4.7%
NOI $115,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wells Fargo Bank
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2039
Remaining Term 13.6
Acreage 0.890
Investment Type Net Lease
Lease Commencement 01/01/2025

Wells Fargo | New 15 Yr. Lease

Marketing description

The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to acquire an absolute-NNN, ground-leased Wells Fargo Bank in Brunswick, GA. Wells Fargo (NYSE: WFC) has an investment-grade credit rating, operates over 6,900 branches nationwide, and has over $1.4 trillion in annual deposits. With a new 15-year lease term, three 5-year option periods, 10% rent increases every 5 years, and zero landlord responsibilities, this asset is ideal for an investor seeking years of inflation-resistant cash flows. The new construction 3,276 SF standalone building with drive-up ATM on 0.89 acres is an outparcel to Glynn Isles Shopping Center (anchored by Target & Lowe’s Home Improvement) and is positioned on Altama Avenue, which sees over 21,300 VPD. Additionally, the subject property is within a mile of Glynn Place Mall, a 502,000 SF regional mall. Other nearby retailers include Walmart Supercenter, Walmart Neighborhood Market, The Home Depot, Publix, McDonald’s, Starbucks, Chick-fil-A, Wendy’s, Walgreens, and more.

Investment highlights

  • Brand New 15 Yr. Absolute NNN Corp. Ground Lease by Wells Fargo (NYSE: WFC)

    • Just Opened

  • Trophy Outparcel to Glenn Isles Power Center (193K SF)

    • Target/Lowe’s/Dick’s/Ross Anchored

  • Best in Class Bank - Part of “The Big Four Banks” - Strong Guarantee with Market CAP $185B+

  • Affluent Coastal City with Strong Demos - Within Main Retail Trade Area of a Large MSA

  • 2024 Prototype Construction - Investment Grade Tenant with 10% Bumps/5 Yrs.

    • Coupon Clipper

  • Rare Price for a Brand New Top Bank Brand - Replaceable Market Rent

    • Strong Retail Density

Listing Contacts

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
AS
GA 251860, SC 52218
Colliers - Savannah, Georgia
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Savannah, Georgia

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

0
DSCR
4.7%
Cap Rate
4.7%
ROI

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