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33228754
33228753

3880 Lavista Road, Tucker, GA 30084 For Sale

GL
CA 02069301
SRS Real Estate Partners San Diego
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners San Diego, SRS Real Estate Partners Newport Beach
$2,949,000
48 days on market
Updated 48 days ago

Regions Bank | Atlanta MSA

Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 3,930
Cap Rate 6.31%
NOI $186,084
Occupancy 100%
Tenancy Single
Brand/Tenant Regions Bank
Lease Type Absolute NNN
Lease Expiration 11/30/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 1 (5-year)
Price per SqFt $750
Year Built 2002
Acreage 1.320
Investment Type Net Lease
Ground Lease No

NEW 5 YEAR EXTENSION | LONG-TERM COMMITMENT (20+ YEARS) | GROWING DEPOSIT BASE | ATLANTA MSA

Marketing description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: A-), corporate signed, drive-thru equipped, Regions Bank investment property located in Tucker, Georgia (Atlanta MSA). The tenant has approximately 4.5 years remaining on their current lease with 1 (5-year) option to extend. The lease features 1% annual rental increases throughout the initial term, and will have Fair Market Value rental increases in the remaining option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. According to the FDIC, brand deposits have steadily increased over the past few years to over $47 Million (+33% since 2022, +68% since 2019).

The Regions Bank is located along Lavista Road, a major retail thoroughfare serving the city of Tucker, totaling 20,100 vehicles passing by daily. The asset is complete with a drive-thru, providing ease and convenience for customers. The asset is less than a quarter mile south of Briarcliff Village, a 189,000 square foot shopping mall anchored by Publix and T.J. Maxx. In addition, Regions Bank is located nearby Tucker Meridian, a 207,000 square foot shopping center anchored by Sprouts Farmers Market and Dick’s Sporting Goods. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Target, Kroger, ALDI, LA Fitness, Dollar Tree, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5-mile local trade area is supported by a population of over 314,233 and 217,837 employees with an average household income of $121,960.

Investment highlights

New 5 Year Extension | Option To Extend | Scheduled Rental Increases | Investment Grade Tenant

  • New 5 year extension with 1 (5-year) option period to extend
  • The lease features 1% annual rental increases throughout the initial term, and will have Fair Market Value rental increases in the remaining option period, steadily growing NOI and hedging against inflation
  • Oversized Parcel

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
  • No landlord responsibilities
  • Ideal, management-free investment for a passive investor

Briarcliff Village (189,000 SF) | Drive-Thru Lane Equipped | Tucker Meridian (207,000 SF) | Primary Retail Corridor

  • Less than a quarter mile south of Briarcliff Village, a 189,000 square foot shopping mall anchored by Publix and T.J. Maxx
  • Complete with a drive-thru, providing ease and convenience for customers
  • NearbyTucker Meridian, a 207,000 square foot shopping center anchored by Sprouts Farmers Market and Dick’s Sporting Goods
  • Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Target, Kroger, ALDI, LA Fitness, Dollar Tree, and more, further increasing consumer traffic to the site
  • Strong tenant synergy promotes crossover shopping to the subject property

Strong Demographics in 5-Mile Trade Area

  • The 5-mile local trade area is supported by a population of over 314,233 and 217,837 employees with an average household income of $121,960

Listing Contacts

GL
CA 02069301
SRS Real Estate Partners San Diego
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners San Diego, SRS Real Estate Partners Newport Beach

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Loan Amount
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Annual Cash Flow
$186,084.00
$15,507.00/mo

Valuation Metrics

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DSCR
6.31%
Cap Rate
6.31%
ROI

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