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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29662272
29662273

2800 Wade Hampton Blvd, Taylors, SC 29687

AF
NY 10301213841
SURMOUNT
ED
NY 10401375705
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,227,217
116 days on market
Updated 116 days ago

Synovus Bank

Details
Property Type Retail
Sub Type Bank
Square Footage 2,640
Cap Rate 5.75%
NOI $128,065
Occupancy 100%
Tenancy Single
Brand/Tenant Synovus Bank
Lease Type NNN
Lease Term 25
Lease Expiration 06/30/2031
Remaining Term 5.1
Price per SqFt $844
Year Built 2005
Acreage 0.790
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2006
Ownership Ground Lease

Retail | 5.75% CAP | 2,640 SqFt

Marketing description

Investment highlights

  • Premier Corporate Tenant | Synovus is one of the nation’s leading banks with $116 billion in assets. There are nearly 400 branch locations, more than 500 ATMs, and a footprint spanning nine states and the District of Columbia.

  • Absolute NNN Lease | The original 20-year absolute triple net (NNN) ground lease has no landlord responsibilities. The tenant recently exercised their first renewal option showing commitment to this site.

  • Strong Demographics | There are over 6,500 individuals within one mile of the property, over 63,000 within a three-mile radius, and over 150,500 within a five-mile radius of the subject property. The average household income within a five-mile radius exceeds $90,000.

  • Robust Traffic Counts | The subject property is located along Wade Hampton Blvd, which experiences over 37,000 vehicles per day. Nearby, Interstate-385 brings over 100,000 vehicles per day into the immediate surrounding area.

Listing Contacts

AF
NY 10301213841
SURMOUNT
ED
NY 10401375705
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,065.00
$10,672.08/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Brian Brockman
License
108250
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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