Listed by Lane4 Property Group
$2,905,000
8405 N Oak Trafficway
Details
Property Type Retail
Sub Type Bank
Square Footage 3,500
Cap Rate 4.60%
Tenancy Single
Rent Bumps Yes
Year Built 1985
Acreage 1.320
Parking Spaces 27 spaces
Parking Per SqFt 7.71
Investment Type Net Lease
Established Bank Investment Opportunity | 22-Years Term Remaining
Marketing description
This established bank with drive-thru sits on a pad site within a high-volume, grocery-anchored center in one of the metro’s fastest-growing residential trade areas.
Backed by a 40-year original term with approximately 22 years remaining, the property offers long-term income stability with scheduled 15% rent increases every five years, including the next increase in 2028.
Investment highlights
- Established bank with drive-thru
- Pad site at high volume grocery anchored center
- 15% increases every 5 years, next increase in 2028
- 22-year term remaining
- Located in tradea area seeing fasted residential growth in metro
- 40-year original term
Listing Contacts
Listed by Lane4 Property Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
