Synovus Bank
Retail | 5.75% CAP | 2,640 SqFt
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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.
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